@ green | MARCH-APRIL , 2023

The energy transformation road will save Malaysia up to US $ 13 billion annually , cut emissions , and diversify its energy source

STUDY shows Malaysia can reach net zero using homegrown , affordable renewables . The study found that by 2050 , renewable energy will save Malaysia US $ 9 billion to US $ 13 billion in energy , environment , and health expenses .

The International Renewable Energy Agency ( IRENA ) and Malaysia ’ s Ministry of Natural Resources , Environment , and Climate Change ( NRECC ) developed the report , which shows that by aligning its low-emission development strategies with IRENA ’ s 1.5 ° C scenario , Malaysia can increase its renewable energy share to over half its final energy mix by 2050 from five per cent .

Malaysia must choose between fossil fuels and renewable energy as its GDP will nearly triple by 2050 , and its commitment to carbon neutrality by 2050 . The NRECC recently launched the Malaysia Energy Transition Perspective , a long-term energy pathway to a cleaner and more sustainable energy system .

Malaysia needs system flexibility to integrate renewables cost-effectively . Long-term planning must focus on grid integration solutions and grid flexibility . Power sector and grid-related investments comprise over 70 per cent of Malaysia ’ s energy transition pathway ’ s US $ 375 billion investment requirement .

Renewable energy investment still slows Malaysia ’ s energy shift . The paper recommends strengthening national financial institutions , overcoming legal and commercial impediments , and reducing fossil-fuel subsidies .

Malaysia must improve renewables investment conditions immediately .

“ Through strategy and policies that prioritise clean energy investments and are consistent at all government levels , Malaysia can achieve its renewed ambition of reaching net zero by 2050 while securing a more prosperous , sustainable future for its people ,” said IRENA Director-General Francesco La Camera .

NRECC Minister Nik Nazmi Nik Ahmad said Malaysia had a robust RE sector value chain that stretched from the production to the service supply stage .

“ We must use our competitive advantage to attract high-value , environmentally responsible investment . These policies must be sustainable and energy-centric and consider contemporary changes and socio-economic needs ,” said Nik Nazmi .

The research recommends electrification and energy efficiency for Malaysia ’ s netzero pathway . Electricity should account for 40 per cent of all end-use sector final energy consumption by 2050 , up from 26 per cent in 2018 . Electrifying industrial and transport end-uses need more electricity . EV sales must exceed 0.4 million by 2030 and reach 80 per cent by 2050 .

Malaysia ’ s clean hydrogen demand could reach 1.5 million tonnes by 2050 . The country can become a trusted green hydrogen provider if national aims , needs , and mandates are met .

Solar photovoltaic will lead Malaysia ’ s energy transformation regardless of the scenario , requiring 150 gigawatts of new capacity by 2050 . The nation must also use its diverse bioenergy potential .

Bioenergy will account for 16 per cent of Malaysia ’ s ultimate energy consumption by 2050 , so sustainable bioenergy use can help revolutionise transport , industry , and non-energy sectors .

The paper discusses the country ’ s position in Southeast Asia ’ s energy transformation . Thanks to its diversified renewable power systems , Malaysia can supply neighbouring nations with energy storage and regional connections .

The most cost-effective energy transformation requires increasing renewables integration in Malaysia ’ s national power systems and regionally with its neighbours .

MALAYSIA actively promotes investment and trade in the energy business from domestic and international firms to overcome the energy problem and assure energy security , according to Economy Minister Rafizi Ramli .

He stated that the country ’ s commitment to creating a business-friendly climate in the energy sector would continue , as seen by liberalisation reforms in the gas market and thirdparty access , which allows numerous companies to access and use Malaysian gas infrastructure .

“ This morning , we discussed plans to ramp up collaboration between Malaysia and the European Union ( EU ) in the energy field .

“ I am encouraged by the EU ’ s interest to find points of collaboration in this rapidly growing region ,” he said in his opening remarks at the EU-Indo-Pacific Regional Energy Conference .

He stated that the EU leadership and the Malaysian administration regarded the global energy crisis as an opportunity to accelerate both states ’

Rafizi Ramli . energy transition .

“ The EU representatives will have a more detailed working-level meeting with Petronas .

“ We hope to be able to develop a more robust partnership because Malaysia has a unique position in our leadership in liquified natural gas .

“ There are several strategic aspects that we focus on , including ways to accelerate the development of hydrogen energy , and Petronas has already been working on rolling out some facilities for hydrogen energy ,” he said .

Rafizi also stated that the government was developing a new method to increase the country ’ s green and renewable energy generation .

“ Most of the demand for renewable energy in this country comes from abroad , especially Singapore .

“ This mechanism is being refined , and when we have a good mechanism , it enables the capacity of renewable energy generation to be expedited ,” he added .

PLUS Xnergy Services Sdn Bhd (“ PXS ”) and Huawei Technologies ( Malaysia ) Sdn Bhd ( Huawei Malaysia ) signed a collaboration agreement to fulfil the growing need for clean energy solutions for businesses and residences in Malaysia .

“ We look forward to building a smart energy ecosystem with Huawei Malaysia for businesses and homes . By working with Huawei Malaysia , we are confident we can provide holistic solutions for businesses and homes to achieve net zero as early as 2050 ”, said Plus Xnergy Group CEO & Co-Founder Ko Chuan Zhen .

With Plus Xnergy ’ s strength as a leading clean energy solutionist and engineering , procurement , construction contractor in Malaysia and Huawei ’ s strength as a global ICT solutions provider , the collaboration aims to improve sustainability by expanding clean energy efforts in commercial and residential spaces to build a greener ecosystem .

Huawei Malaysia Digital Power Busi-