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Renewable Energy

Renewable Energy

As the world heeds the call of ‘more sustainable energy’ and ‘less carbon’, Renewable Energy (RE) has emerged as one of the fastest-growing sources of energy generation. RE is anticipated to be the largest source of power by 2040.

RE refers to any form of primary energy which originates from non-depleting resources such as solar, biomass, biogas, mini-hydro and geothermal energy. In Malaysia, solar energy projects are the most widespread RE due to the lower production cost of photovoltaic (PV) equipment and easier financing for green projects.

76.7%

Domestic Investments

(RM2.3 bil)

RM3 bil

Total Approved Investments
in 2021

90%

23.3%

Foreign Investments

(RM0.7 bil)

RM3 bil

Total Approved Investments
in 2021

76.7%

Domestic Investments

(RM2.3 bil)

23.3%

Foreign Investments

(RM0.7 bil)

842

Approved Projects

458

Job Opportunities

For more statistics, please click here.

Approved Renewable Energy Projects in 2021

Solar Energy

826 projects
RM2.8 billion

Solar Self-consumption

818 projects
RM643 million

Large scale solar

8 projects
RM2.1 billion

Biogas

14 projects
RM196.3 million

Biomass

2 projects
RM38.8 million

Government Support

The Government continued to prioritise green adoption by extending the Green Investment Tax Allowance for the purchase of green technology assets and Green Income Tax Exemption on the use of green technology services until 2023. The ITE was also extended for companies which undertake solar leasing activities to increase participation in the Net Energy Metering Scheme (NEM) which was introduced by the Sustainable Energy Development Authority (SEDA).

Our Investors' Highlights

Gading Kencana has developed, constructed and now operates two solar farms in Melaka and Perak, with total annual electricity generation of 63,771 MWh sold to TNB.

- Gading Kencana Sdn Bhd (GKSB)

Get Started

MIDA provides comprehensive support to your business as you consider the competitive and comparative advantages Malaysia has to offer for your investment. Explore our dedicated resources, wide range of facilities or consultation services to assist you in expanding your operations here.
1.Guidelines for the Application of Incentives and/or Expatriate Posts
2. Checklist for the Application of Green Technology Incentive - Green Projects
3. Application for Incentives and/or Expatriate Post
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