MIDA and LONGi Driving the Solar Ecosystem Forward at The Solar Synergistics Conference 2024
A Pivotal Action Towards Empowering Malaysia’s Energy Transition
Kuala Lumpur, 9 May 2024 – The Solar Synergistics Conference 2024, an eye-opener event for the solar industry, was co-organised by the Malaysian Investment Development Authority (MIDA) and LONGi, a global integrated solar technology company. This momentous occasion, coinciding with the 50th anniversary of Malaysia-China bilateral relations, served as a dynamic platform uniting major solar enterprises and critical stakeholders across the solar industry supply chain. With a mixed audience comprising mostly engineering, procurement, construction, and commissioning (EPCC) firms, also known as system integrator companies, the conference facilitated insightful discussions to drive Malaysia’s solar ecosystem forward.
As a tribute to the occasion, Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, complimented LONGi’s leadership in technological innovation and sustainable development. He emphasised “Malaysia is dedicated to assuming a significant role in the global effort to combat climate change. By setting a rigorous target for 2030, we aim to reach net-zero emissions by 2050, thus holding up a mirror to the world on environmental responsibility. In fact, the Solar Synergistics Conference held today serves as a platform towards sustainable business expansion, fostering economic prosperity, and leaving a positive legacy for generations to come.”
“Solar energy stands out as a beacon of hope in our quest for sustainability. Its abundance, accessibility, and renewability make it a key component for a transition towards a low-carbon economy. By harnessing the power of the sun, we not only reduce our dependence on fossil fuels but also create opportunities for economic growth and job creation.” added Mr. Sikh Shamsul.
Mr. Frank Zhao, the esteemed APAC President at LONGi, echoed the company’s resolute commitment to Malaysia’s energy transition during the Solar Synergistics Conference 2024. He articulated LONGi’s alignment with governmental initiatives, stating, “We are dedicated to propelling Malaysia’s energy transition and fostering the development of a comprehensive solar ecosystem. Notably, LONGi’s substantial investment in constructing three cutting-edge factories in Malaysia underscores its proactive approach to localising production and stimulating economic growth”.
In a testament to its dedication to Malaysia’s renewable energy sector, LONGi has established three cutting-edge factories in Malaysia, including Kuching, Bintulu, and Selangor. These state-of-the-art facilities boast an impressive combined capacity of over 10GW per year, positioning LONGi as a cornerstone of Malaysia’s solar manufacturing landscape. At the same time, LONGi set up the headquarters of LONGi Asia Pacific in Kuala Lumpur and is committed to providing better services to the local customers with its vision: “Solar for All”.
MIDA has been actively championing green technology initiatives, introducing targeted incentives through a tiered approach outlined in the Budget 2024. These incentives are strategically designed to empower investors to attain global leadership in energy and carbon efficiency standards. In 2023, MIDA achieved remarkable milestones, approving a total of 565 green technology projects valued at RM3.2 billion and five (5) green services projects with a total approved investment of RM17.8 million. Out of 565 projects approved, 530 (94 percent) were from renewable energy of which all were solar projects with approved investments of RM1.4 billion.
With a turnout of over 200 participants, the conference was ideal for bringing together other esteemed representatives from the Energy Commission, Sustainable Energy Development Authority (SEDA), Tenaga Nasional Berhad (TNB), and financial institutions, who are fundamental in shaping the landscape of sustainable energy in the nation. The event was timely with the recent announcement of the RE programmes launched on 1 April 2024 and the enhanced green tax incentives.
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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.
About LONGi
LONGi Green Energy (Shanghai Stock Exchange Code: 601012.SH) is committed to becoming the world’s most valuable solar technology company. With the mission “Harnessing the brilliance of the sun to create a green energy world” and upholding the brand positioning of “stable, reliable, and technologically-driven”, the company focuses on technological innovation, targeting global customer needs. They have established five main business sectors: monocrystalline silicon wafers, cell modules, commercial and residential distributed solutions, ground photovoltaic system solutions, and hydrogen energy equipment, forming the capability to support global zero-carbon development with “green electricity” + “green hydrogen” solutions. In 2020, LONGi Green Energy took the lead in joining the international climate initiatives RE100, EP100, and EV100. By setting Science-Based Targets (SBTi), the company continually promotes its sustainable development, supports the energy revolution, and contributes to building a “green earth”. For more information, please visit: www.LONGi.com
For more information, please contact:
MIDA
Mr. Nelson Samuel Wilson
Director, Green Technology Division, MIDA
Email: [email protected]
Tel: +603-2267 3635
LONGi
Mr. Max Zhu
LONGi Malaysia Country Manager
Email: [email protected]
Tel: +6013-7033760
