Malaysia

Indonesia will have to get to work installing more than 24 GW of solar this year – and every year – if the region is to achieve the 2.1 TW to 2.4 TW of photovoltaics the International Renewable Energy Agency has estimated it will require to achieve a net zero carbon energy system by 2050.

Malaysia’s largest electricity provider Tenaga Nasional Berhad has announced plans to fast track the closure of its coal-fired power plants to hasten the transition of its generation fleet from fossil fuels to renewable sources including large-scale solar PV and green hydrogen.

Singapore’s Energy Market Authority has already attracted proposals for 1.2 GW of renewable electricity, to be generated in four southeast Asian nations, and wants to raise that figure to 4 GW by 2035.

After a decade of under-delivering on its potential, there are changes afoot in Southeast Asia’s renewable energy development, says Assaad W. Razzouk, the CEO of Singapore-based developer Gurin Energy. Razzouk points to success stories in the region and notes that political will and clear regulations for developers are needed.

The floating facility will be built by Japan’s Shizen Energy and will sell power under unspecified conditions to local utility Syarikat Air Melaka Bhd (SAMB).

Compiled by an international research group, the best practices were collected from all available guidelines published by national agencies, regulatory bodies, and trade associations.

Floating PV is a growing niche in the solar sector, but its offshore segment has proven more difficult to activate, largely because of the difficulty of open-water energy generation. Nevertheless, the potential of offshore floating PV is almost unlimited, and one Singaporean firm, G8 Subsea, is looking to leave the safety of harbours and reservoirs.

Through the Green Electricity Tariff (GET) program, the government will offer 4,500 GWh of power to residential and industrial customers each year. These will be charged an additional MYE0.037 (AU$0.012) for each kWh of renewable energy purchased.

Two Australian companies, hydrogen fuel cell startup H2X and emerging renewables developer Thales New Energy, have signed an agreement with a Malaysian state-owned corporation to develop a 1.3 GW hydrogen export facility powered by hydroelectricity in the Malaysian state of Sarawak.

Corporate power purchase agreements are the second most adopted purchasing method in the world, and they’re growing fast. With the U.S. and Europe picking up the pace in the last year, the Asia Pacific is not going to be left behind, with Wood Mackenzie estimating corporate PPAs in the region doubled in the last year.