4th Solar Energy Storage Future Malaysia

Malaysia’s solar energy and storage market continues to expand rapidly in 2024. As of mid-2024, cumulative installed solar capacity has surpassed 3.0 GW, bolstered by initiatives such as the Large Scale Solar (LSS) program and the National Energy Transition Roadmap (NETR). The NETR targets 70% renewable energy in the power mix by 2050, up from around 27% in 2024. With growing solar deployment,Battery Energy Storage Systems (BESS) are gaining traction.Falling storage costs and investor interest are positioning Malaysia as a key Southeast Asian market for integrated solar-plus-storage solutions, supporting its long-term decarbonization and energy security objectives.