ADVANCING JUST ENERGY TRANSITION
Malaysia ’ s Sustainable Energy Development Prospectus
Installed Capacity ( GW )
97
|
46
12 % 14 %
42 %
|
1 % 3 % |
49
14 % 16 %
43 %
|
1 % 2 % |
56 25 % 15 %
46 %
|
Solar Growth + 14 % CAGR
1 % 2 %
|
68
39 %
12 %
38 %
|
1 % 2 % |
82
52 %
11 %
36 %
|
1 % 0 % |
58 %
11 %
29 %
|
1 % 0 % |
29 % |
|
23 % |
|
11 % |
|
9 % |
|
1 % |
|
|
0 % |
2025 2030 2035 2040 2045 2050
PV Hydro Bioenergy Oil Gas Coal
Projected power system installed capacity mix 2050
20
• Target 2 : No new coal power plant
In alignment with these strong RE ambitions , an accelerated pathway is needed to scale RE uptake in Malaysia over the next three decades .
With the government ’ s strategic intent on energy transition , the dynamics of Malaysia ’ s future power mix shall progress along this pathway :
• Renewables will constitute the majority share of installed capacity by 2050 . However , the contribution of RE to the total generation mix will be comparatively lower than fossil fuels , particularly natural gas . This reflects the inherent lowcapacity factor associated with solar , compared against the highcapacity factor of gas .
• The share of coal-fired power generation is expected to ramp down over time , driven by natural retirement timelines of existing coal-fired power plants . No new coal-fired power generation will be developed , leading to almost complete phase out by 2045 .
• Gas is expected to act as a lower-carbon transition fuel away from baseload coal , and will be the dominant source of fuel for baseload power .
• The ambition to achieve 70 per cent RE share of installed capacity by 2050 is expected to be achieved , predominantly driven by solar PV installation . Significant solar capacity growth is required in the next three decades , with 59 GW of installed capacity by 2050 .
By 2050 , approximately ~ 200,000 jobs are anticipated to be generated within the power sector .
Sustainable Agenda and Energy Transition
Under the NETR , the government is determined to accelerate the transition to clean energy , ensuring a consistent and sustainable supply for all . This vision involves expanding renewable energy generation , the widespread installation of solar panels on government buildings , and implementing policies facilitating renewable energy trading through the electricity market system .