Malaysia announces investment requirement of RM 33 billion to increase the share of renewable energy

Malaysia’s Ministry of Energy, Science, Technology, Environment and Climate Change has stated that the country will need investments of RM 33 billion to increase the share of renewable energy in its energy generation mix, from 2 per cent in 2018 to 20 per cent by 2025. The investment needed to reach the renewable energy target, which excludes the power generated from large hydropower generators of over 100 MW, will come from the government, public-private partnerships as well as private financing. The Securities Commission has already done a six-month study on green financing. It formed a green financing task force and gave a report on 21 action items to facilitate investments in renewable energy.

 

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