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Malaysia, China exploring the development of virtual power plants

Malaysia, China exploring the development of virtual power plants

30 Dec 2022

Malaysia and China seek to jointly explore the development trend of virtual power plants (VPPs) under the worldwide green and low-carbon transformation.

Towards this goal, the China-Malaysia Virtual Power Plant Project Achievements Conference and China-Malaysia Virtual Power Plant Development Cloud Forum were held online today, the Shanghai Energy Technology Development Co Ltd (SETD) said in a statement.

The subsidiary of China’s State Power Investment Corp Ltd said the event was of great significance for the two countries in terms of cooperation in the VPP business and promoting the green and low-carbon energy transformation.

“At the forum, the panelists exchanged views and gave suggestions on the development status and trend of new energy and energy storage in Malaysia, and the development potential, technical research, construction and operation and business model of the virtual power plant.

“Going forward, China and Malaysia will work together to promote green, low-carbon and smart energy transition and make new contributions to tackling climate change and achieving sustainable development for mankind,” it said.

In 2022, SETD, together with domestic and Malaysian universities and counterparts, led the preparation of a research report, “Development Potential Analysis and Cooperation Prospect of VPP in China and Malaysia”, both in English and Chinese.

The report offers an in-depth analysis of China and Malaysia’s energy and power development status and the development potential of VPPs in the two countries.

It also puts forward a preliminary design of the operation scheme of VPPs in Malaysia, as well as suggestions for bilateral cooperation in this field.

Source: Bernama