Green technology in Malaysia
Rising Global Consultants
Renewable energy
Renewable energy refers to any form of primary energy derived from non-exhaustible resources, such as solar energy, biomass, biogas, small hydropower, and geothermal energy. In Malaysia, solar energy projects are the most common renewable energy initiatives, benefiting from lower production costs of photovoltaic (PV) equipment, making it easier to secure financing as a green project
76.7%
Domestic investment
3 billion Malaysian Ringgit
Total approved investments
23.3%
Foreign investment
842
Approved projects
Government support
The government continues to prioritize green applications by extending the Green Investment Tax Allowance for the purchase of green technology assets. Additionally, companies engaged in solar leasing activities have had their income tax exemption periods extended, aimed at increasing participation in the Net Energy Metering (NEM) program launched by the Sustainable Energy Development Authority (SEDA)
Solar energy
826 projects
2.8 billion Malaysian Ringgit
Large-scale solar
8 projects
2.1 billion Malaysian Ringgit
Biogas
14 projects
19.63 million Malaysian Ringgit
Biomass
2 projects
3.88 million Malaysian Ringgit
Energy efficiency and conservation
As part of the government’s push for sustainable economic development, the National Energy Efficiency Action Plan 2016-2025 aims to encourage both the public and private sectors to improve energy efficiency by reducing electricity demand growth by 8% over a 10-year period, while also reducing greenhouse gas (GHG) emissions by 38 million tons of carbon dioxide equivalent
98.1%
Domestic investment
409.6 million Malaysian Ringgit
Total approved investments in 2021
1.9%
Foreign investment
Green services
Green service providers play a crucial role in promoting the application of green technology. There are numerous untapped opportunities in areas related to renewable energy (RE), energy efficiency, electric vehicle (EV) support services (such as EV charging station services, operation of charging stations, EV maintenance, repair, and overhaul), green buildings, green data centers, green certification and verification, and green townships
100%
Domestic investment
21.9 million Malaysian Ringgit
Total approved investments in 2021
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