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Renewable energy pact

Renewable energy pact

12 Sep 2023

Majuperak Holdings Bhd has inked a memorandum of understanding with SPIC Energy Malaysia Bhd, a subsidiary of China’s State Power Investment Corp (SPIC), to collaborate on advancing renewable energy initiatives by leveraging on SPIC’s expertise in the field.

The partnership aims to harness SPIC’s knowledge and experience in renewable energy technologies to accelerate the adoption of sustainable energy solutions.

Shanghai Energy Technology Development Co Ltd (SETD), a subsidiary of SPIC, has launched the research result on Malaysia’s intergrated, intelligent, impactless power plant (3iPP) planning and prospects.

SETD director Zhang Guangyu said the 3iPP is a new type of energy production and consumption aggregator that is internally coordinated with the power grid.

“It utilises the power grid connection to build a new type of energy production and consumption aggregator through the intelligent system that aggregates distributed new energy,” he said during the China-Malaysia 3iPP development forum organised by SETD held here yesterday.

Zhang said that for phase one, spanning from 2025 to 2030, the project involved the construction of 6,010 megawatt (MW) of photovoltaic (PV) capacity.

Phase two, scheduled for the period of 2030 to 2040, set an ambitious goal to expand the PV capacity by 9,338 MW.

Phase three, spanning from 2040 to 2050, entailed the development of a substantial 15,135 MW of PV capacity.

Science, Technology and Innovation Minister Chang Lih Kang commended the collaboration between SETD and Malaysian partners in the context of the 3iPP.

The ministry acknowledged the joint efforts in advancing innovative energy solutions and recognises the potential benefits that the collaborations could bring to the energy sector.

“I warmly welcome more collaborations in the future.

“This has set the stage for more economic collaborations, including but not limited to, advancements in space technology, renewable energy, artificial intelligence, big data and food security,” Chang said.

By utilising the smart system to integrate multiple forms of energy, the power plant will achieve both energy security and quality of development, he added.

The comprehensive smart zero carbon power plan aligns with the goals of the National Energy Transition Roadmap, including the acceleration of renewable energy adoption, energy efficiency promotion and fostering innovation in the energy system.

“This primary research on Malaysia integrated smart zero carbon power plant planning and prospects serves as a good reference which can assist the country to become a net-zero greenhouse gas emission nation as early as 2050,” he said.

Zhang said the project would capitalise on the rapid growth of installed clean energy capacity, with PV capacity experiencing a compound annual growth rate of 32%, rising from 0.27 gigawatts (GW) in 2015 to 1.93 GW in 2022.

By introducing the 3iPP concept, Zhang said Malaysia could reduce its reliance on coal.

He pointed out that, in 2022, coal power and internal combustion engines accounted for 77% of the country’s total installed capacity.

SETD has successfully completed the construction of PV facilities in the country with a total capacity of 90MW.

Source: The Star