Enhancing Malaysia’s renewable energy sector

March 2, 2023

Dateline 2022-12-XX, The Star:

WITH a growing global commitment towards net-zero emissions of global warming gases and increasing awareness of sustainable finance, Bursa Malaysia recently launched Malaysia’s first voluntary carbon market, the Bursa Carbon Exchange.

While leveraging the private sector’s growing ESG (environment, social, governance) commitments is a great start, more can be done to mobilise private finances in a net-zero transition – particularly in the energy sector, which underpins virtually all economic activities in the country.

The Renewable Energy Certificate (REC) market allows energy users to pay a premium per kWh (kilowatt-hour) of electricity produced through low carbon sources; this is a great mechanism to realise greater private finances in accelerating the deployment of renewables.

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Large-scale hydropower in Sarawak ‘unsustainable and unnecessary’

February 14, 2023

Dateline 2022-12-05, FMT:

Large-scale hydropower cannot be considered a source of renewable energy for Sarawak because of its destructive impact on the environment and on indigenous communities, says Sarawak-based civil society group SAVE Rivers.

It said this in response to statements by Sarawak Energy Bhd (SEB) vice-president Ting Ching Zung during a panel discussion at the Go ESG ASEAN 2022 Conference on Nov 24.

“We are worried to hear that SEB is promoting mega dams again,” says James Nyurang of Tanjung Tepalit, Baram, one of the communities that would have been inundated by the now-shelved Baram dam.

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Sarawak aspires to be in the lead in renewable energy

February 6, 2023

Dateline 2023-11-04, Borneo Post:

Sarawak wants to be in the lead for renewable energy in Asia and maintains at least 60 per cent renewable energy capacity mix by 2030.

Deputy Minister for Energy and Environmental Sustainability Dr Hazland Abang Hipni said Sarawak’s desire to achieve 600,000 tonnes of carbon emission reduction through mobility electrification could be achieved with the cooperation of all relevant parties.

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Another incentive for companies to go for green power

January 31, 2023

I guess I need to find out, which component of a residential PV system (hardware and labour) is the major cost component at the moment.

Dateline 2022-11-01, The Star:

The Government has introduced the Corporate Green Power Programme (CGPP) to encourage more companies in the country to use green electricity by installing solar photovoltaic (PV) systems.

Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan said the CGPP would enable companies operating here to achieve their Environmental, Social and Governance (ESG) commitments through the Virtual Power Purchase Agreement (VPPA) mechanism with a total quota of 600MW.

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Sarawak premier aims to turn state into regional renewable energy powerhouse

January 25, 2023

Can I get a work permit for Sarawak, please?

Dateline 2022-10-25, Malay Mail:

Tan Sri Abang Johari Openg today said the Sarawak government is focused on using its power exports to make the state into the centre of renewable energy for South-east Asia.

He said that as Malaysia’s largest renewable energy provider, Sarawak can play a key role in accelerating the region’s energy transition by sharing its resources with its neighbours.

“Sarawak’s Growth Agenda supports a resilient and sustainable energy future for a common regional prosperity,” he said in his address at a forum held in conjunction with the Singapore International Week 2022.

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Sabah takes another step to carbon neutrality

January 19, 2023

Interesting… means that they have running water sources that they may need to block off to get this working.

Dateline 2022-10-19, FMT:

The Sabah Foundation, or Yayasan Sabah, will develop mini hydropower plants at several locations in the state under a joint venture with hydropower and solar power group G Capital Bhd.

The RM3 billion project, to be undertaken by Sabah Renewable Energy Corporation Sdn Bhd, will mark a new milestone in the Sabah Maju Jaya 2021-2025 transformation masterplan that will help Malaysia become a carbon neutral economy by 2050.

Another agreement, also inked today, will see G Capital and Yayasan Sabah subsidiary Innoprise Synergy Sdn Bhd become shareholders of Sabah Renewable Energy.

Sabah chief minister Hajiji Noor, who witnessed the signing of the agreements, said the mini hydropower plants would ensure a constant supply of electricity to Sabah Electricity Sdn Bhd.

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Petronas launches Gentari green energy company, plans to install 25,000 EV chargers across Asia by 2030

December 6, 2022

Gentari jiwa, melanda hatiku…

Dateline 2022-09-17, SoyaCincau:

Petronas has officially launched its green energy subsidiary, Gentari, formerly known as Petronas Gas & New Energy. The company, which was announced back in June, aims to be a one-stop integrated clean energy solutions provider, offering renewable energy, hydrogen power and green mobility services to commercial, industrial and retail customers.

Gentari wants to be an integral part of Malaysia’s plan for renewable energy sources to make up 31% of its total installed energy capacity by 2025 – a figure that rises up to 40% by 2035. The company says its suite of offerings will be spread across a mix of local, regional and international projects to meet customer demand and maximise opportunities.

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Govt to increase grants, subsidies for renewable energy, says PM

December 5, 2022

Hookup your treadmill to a generator, and make bank!

Dateline 2022-09-15, FMT:

The government will increase existing promotional grants and subsidies for the commercialisation of renewable energy, says Prime Minister Ismail Sabri Yaakob.

He said this was to encourage the use of renewable energy to help the country achieve zero carbon emissions by 2050.

“The government will work with relevant parties to solve technical and cost-related challenges to advance the renewable energy industry,” he said during his speech at the launch of Gentari.

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RM300bil-RM400bil in investments needed for Malaysia to achieve net-zero greenhouse gas emissions by 2050

November 30, 2022

Dateline 2022-09-14, NST:

Malaysia’s commitment to becoming a nation with net-zero greenhouse gas emissions by 2050 would require RM350 billion to RM400 billion in cumulative investments, mainly in the energy sector, representing 0.8 per cent of the gross domestic product (GDP) every year until 2050.

Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said this shift includes continued investment in public transportation, tax incentives to promote electric vehicles, and the commitment to phase out coal.

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Samsung Engineering signs MoU with SEDC Energy and Sarawak Energy Berhad for Sarawak H2biscus Green Hydrogen & Ammonia Project Supply of Electricity

November 23, 2022

Dateline 2022-09-09, Hydrogen Central:

Samsung Engineering signs MoU with SEDC Energy and Sarawak Energy berhad for Sarawak H2biscus green hydrogen & ammonia project supply of electricity.

Samsung Engineering, one of the world’s leading Engineering, Procurement, Construction and Project Management (EPC&PM) companies with SEDC Energy (a wholly owned subsidiary of Sarawak Economic Development Corporation (SEDC)) and Sarawak Energy Berhad, LOTTE CHEMICAL, and POSCO Holdings jointly announced the signing of a Memorandum of Understanding (“MoU”) to study the potential of suppling at least 900MW of hydro-based renewable power for the H2biscus Green Hydrogen/Ammonia project (H2biscus project) in Sarawak, Malaysia.

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