� Malaysia aims to secure RM637 billion in RE and green tech investments by 2050, creating 310,000 jobs.

� At least 51 per cent local equity in all RE projects to ensure technology transfer and local workforce benefits.

� Expansion of solar and non-solar RE initiatives, plus attractive tax incentives to strengthen investor confidence.

Fadillah Yusof

The ambitious plan is expected to generate 310,000 new job opportunities, particularly in highly skilled fields, a promising sign for the strengthening of Malaysia ' s clean energy value chain.

Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof reaffirmed the government ' s commitment to local ownership, making it mandatory for at least 51 per cent local equity in all RE projects introduced and implemented.

This measure aims to ensure that Malaysians benefit directly through technology transfer, capacity building, and the creation of high-value jobs.

“ This will secure skilled job opportunities and ensure that technology transfer to local workers is carried out effectively,” Fadillah said in a written reply to Rompin MP Datuk Abdul Khalib Abdullah in the Dewan Rakyat.

Abdul Khalib had sought clarification on the ministry’ s strategies to attract foreign direct investment( FDI) in green technology and the circular economy in the energy and water sectors, as well as the expected outcomes for job creation and skills development.

• Feed-in Tariff( FiT) Programme – Incentivising renewable generation from various sources, including non-solar technologies.

• Corporate Renewable Energy Supply Scheme( CRESS) – Allowing companies to procure green electricity directly from RE generators, supporting corporate ESG commitments.

• Community Renewable Energy Aggregation Mechanism( CREAM) – Enabling community-based renewable energy generation and sharing.

The government will also push the Low Carbon Energy Generation Programme to attract investments in non-solar RE sources, while streamlining CRESS to improve access for investors and corporate buyers.

INVESTOR CONFIDENCE

Exemption( GITE).

“ These measures, alongside a wider range of green electricity supply options, will provide the confidence needed for industry players to invest in Malaysia’ s renewable

energy industry value chain,” he added.

The strategy aligns with Malaysia ' s energy transition roadmap and international climate commitments, striking a balance between economic growth and sustainability.- @ green

KEY PROGRAMMES

Fadillah outlined several flagship initiatives to position Malaysia as an attractive destination for green investments:

• Large-Scale Solar( LSS) Programme – Malaysia’ s main solar generation initiative, designed to expand capacity with minimal tariff impact on consumers.

Fadillah emphasised that certainty and incentives are key to securing investor interest. To that end, the government will maintain and promote tax incentives, including:

• Green Investment Tax Allowance( GITA).

• Green Income Tax