Positive outlook for renewable energy

Dateline 2020-08-31, The Star:

The outlook remains positive for the renewable energy (RE) sector despite growth being halted by stalled business activities resulting from the Covid-19 pandemic.

Industry players believe the pause is temporary, and that it is already on the rebound.

They noted that the long-term drivers for investment remain strong. There is also rising pressure for corporates to comply with environment, social and governance (ESG) policies. The movement control order (MCO) has curbed investments, installation and financing for projects.

The Sustainable Energy Development Authority (SEDA) Malaysia said in an email that it had several virtual meetings with RE players to understand their pain.

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