As part of the process, Malaysia is expected to expand renewable capacity from 6 to 14GW. In Sarawak, the government has adopted the most ambitious climate initiatives among the Malaysian states and has announced targets to achieve over 70 percent RE use by 2030.
The Southeast Asia energy sectors contain a rich variety of renewable sources, with an ambitious target in the race to zero emissions. Thanks to the National Energy Transition Roadmap launched by the Ministry of Economy of Malaysia, Malaysia is accelerating its energy transition to a green economy.
There is also a new incentive for energy producers - Malaysia's Renewable Energy (RE) Feed-in Tariff (FIT). Currently, the REFIT program includes eligible resources such as biomass, biogas, mini-hydropower, and solar energy. Following the footsteps of successful policies worldwide, the Malaysian tariff system distinguishes between different technologies and sets tariffs based on generation costs.
Energy technologies have evolved becoming more advanced and accessible. Once you make the switch, you’ll be able to boost your company’s energy efficiency, optimise business operations and save costs in the long run. Making economically wise investments is part of running and expanding your business, so think of the bigger picture.
In August 2023, Malaysia revised its target of renewable energy installed capacity from 40% by 2040 to 70% by 2050. It aims to achieve this target predominantly by increasing the number of solar panel installations.
Among the 10 flagship projects identified under this National Energy Transition Roadmap (NETR) is the establishment of solar parks to accelerate the deployment at the utility-scale.
These solar parks, at five sites across the country, will each consist of a 100MW LSS installation co-developed by Tenaga Nasional Berhad (TNB) in partnership with small and medium enterprises, cooperatives, and state economic development corporations.
Another project will be the development of a 2,500MW hybrid hydro-floating solar PV installation, ie a floating solar installation placed at TNB’s hydroelectric dams.
Another initiative will look into expanding the virtual aggregation mechanism for rooftop solar programmes. This would allow an owner to sell any excess energy generated from their installation directly to other consumers.
Malaysia has shown a strong commitment to promoting solar energy development since the introduction of the National Renewable Energy Policy in 2010. This commitment has proven fruitful by the significant rise in operational solar PV installations over the last 13 years.
Although there are still several challenges ahead, Malaysia has set new initiatives under the NETR, which will accelerate the growth of solar energy as Malaysia’s predominant renewable energy source.
The future of solar energy in Malaysia looks bright.
So renewable energy (RE) is the very potential business sector nowadays and future to come…Reneuco as a pioneer in RE segment will benefiting more compared to others competitors. Reneuco will become a great company as YTLP, Tenaga etc in future soon 🔜⬆️✅😎🤞
So this guy called CoffeeMilo doesn’t know anything about RE business only shouting the same thing all the time 🤣🤣🤣 maybe be he has no more money to invest so under depression 🤣
Recent case study on SCIB when the price plunged from 1.20 - 0.235 all naysayers like CoffeeMilo coming out and shouting LD, delisted, suspended, Pn17 etc but actually they wanted to buy cheap tickets 🤣🤣🤣 or no money to buy and jealousy of others cause can buy cheap tickets 🤣🤣🤣 so all shareholders must learn whether you want to buy or sell at the moment 😎👌be wise 👌
Capital A already price consolidation, that why no more cheap price.Total debt at 8billion needs to be resolved. Recent price dropped from 84sen to 68sen. It will continue to drop. This price is a diluted price already..don't simply listen to Eagle, I doubt he know how renewable energy works and what are the setback of renewable energy.
CoffeeMilo u r so desperate 🤣🤣🤣 nothing happened to Reneuco u already shouting like crazy 🤣🤣🤣 u r so under depressed making so many assumptions 🤣🤣🤣… I think u lost too much money in the market…so sorry for that I can’t help u🤣🤣🤣
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CoffeeMilo
284 posts
Posted by CoffeeMilo > 2024-02-01 19:39 | Report Abuse
Serba Dinamik in making