September 15, 2019
Dateline 2019-08-08, PV Magazine:
Pestech International Bhd, a power system engineering and technical solutions provider, has signed a memorandum of understanding with Chinese inverter manufacturer Sungrow to jointly develop floating PV solutions, according to a filing with the Malaysian stock exchange.
“The parties intend to explore the possibility of complementing each other’s core competencies, technical capabilities and references to cooperate jointly on exploring floating solar system solution, localization of parts and other possible co-operations in Southeast Asia,” the filing reads.
They also plan to use their respective networks to develop floating PV plants, Pestech added. “If the parties agree to jointly bid for a project, the parties shall further discuss to agree on the type of co-operation,” it said.
September 13, 2019
Dateline 2019-08-02, Malaysian Reserve:
THE worldwide push towards a sustainable and greener future is creating new growth opportunities for Malaysian oil and gas (O&G) companies looking to tap into new and diversified income streams.
Malaysia’s pledge to reduce its carbon emissions and increase its renewable energy (RE) mix in the not-too-distant future is carving out new economic opportunities for local players.
The O&G sector is among industries showing tentative, but nascent signs of growth in the new energy space as a means to tap into new markets, while diversifying its revenue base.
August 26, 2019
Dateline 2019-07-11, NST:
The government is committed to fulfilling its promise in the Pakatan Harapan manifesto to raise Malaysia’s installed capacity of renewable energy from two per cent last year to 20 per cent by 2025.
“We are on track. Although some detractors say this renewable energy target in our country’s power mix may seem ambitious, I believe it is doable,” said Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.
In making renewable energy financing more attractive, Yeo said the government had expanded the list of assets available for the Green Investment Tax Allowance from nine to 40 items.
August 18, 2019
You know, I have a fundamental issue when an NOC established for managing the nation’s hydrocarbon reserves uses its monopoly to enter the RE market
Dateline 2019-07-04, The Malaysian Reserve:
THE oil and gas (O&G) industry is undergoing a paradigm shift whereby consumers are not just asking for reliable and affordable, but sustainable energy as well.
This is the dilemma facing national oil companies (NOCs) like Petroliam Nasional Bhd (Petronas), who are tasked to meet the demands of a fast developing home economy and energy market, while falling in line with the global agenda to reduce carbon emissions and improve on energy mix.
The prospects for energy remain evergreen. Some 70% of the projected global population of over 9.8 billion in 2050 will be domiciled in Asia and Africa, and energy is set to play a key role in fuelling the growth and industrialisation of economies such as China, India and South-East Asia.
According to Petronas president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin (picture), primary energy demand in Asia is expected to grow 2.5% per annum to reach 7.1 billion tonnes of oil equivalent in 2035.
July 28, 2019
Dateline 2019-06-25, Solar Magazine:
Malaysia has emerged as an international hub for the manufacture of solar photovoltaic (PV) cells, wafers and modules. The southeast Asian nation has been comparatively slow to take up solar energy at home, however.
U.S.-based market leaders First Solar and SunPower, along with South Korea-Germany’s Hanwha Q Cells manufacture the vast bulk of their solar PV cells and modules in Malaysia. Other market-leading manufacturers, including China’s JA Solar and Jinko Solar, have major manufacturing operations there, as well.
July 12, 2019
Deadline 2019-06-14, The Star:
The government has set up a committee – comprising four ministries – to come up with a mechanism to control the price of biodiesel containing 20% bio-content (B20) palm oil to boost domestic usage, says Primary Industries Minister Teresa Kok.
The committee will comprise of her ministry, Finance, International Trade and Industry ministries and the Prime Minister’s Department, she said, adding that the matter was discussed at the Cabinet meeting on Wednesday.
Kok said there is a concern the price of palm biodiesel will increase if it is widely used.
“Therefore, we have to come up with a set of regulations after discussions with the related agencies,” she said after speaking at a seminar on Biodiesel (B7) implementation in the Industry Sector at a hotel here yesterday.