Malaysia looks to solar to hit 35% renewables by 2025

Japanese renewables specialist Shizen International has signed a memorandum of understanding with Terengganu Incorporated, Malaysia’s strategic investment organisation, to explore the potential of ground-mounted solar power projects in the Malaysian state.

The agreement is expected to pave the way for exploring new solar energy projects, boosting state revenue, and fostering green technology partnerships. It will also enhance local socio-economic development and contribute to Terengganu’s environmental, social, and governance target of achieving a 35% renewable energy capacity mix by 2025.

Terengganu Inc. was established in 2006, as the strategic investment holding company that manages and monitors all forms of business entities, as well as commercial and investment assets, on behalf of the Malaysian government.

Shizen International was founded in 2021, with the intention of accelerating the renewable transition in Asia and around the world. It is already active in developing renewable projects in Malaysia, Indonesia, Philippines, Vietnam, Thailand and Brazil.

The agreement is part of Malaysia’s National Energy Transition Roadmap (NETR): a joined-up strategy to reach net zero carbon by 2050, tackle climate change, enhance energy security and ensure long-term sustainability.

The roadmap is key to Malaysia’s commitment to Responsible Transition (RT) away from fossil fuels, encompassing electricity generation, transportation, industrial processes, and residential energy consumption.