The Government of Malaysia will lift its ban on the export of renewable energy (RE) in an effort to boost its clean energy sector as well as increase generation from sustainable sources. The government is specifically targeting Singapore, which has a high energy demand. Further details on the timeline of lifting the ban haven’t been announced.
Malaysia currently generates 1 per cent of its electricity from RE per year. By 2050, the government is aiming to increase RE installed capacity to 70 per cent of total capacity. This is estimated to cost around RM637 billion.