February 22, 2024

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Malaysian solar tech industry poised for growth

An expert noted that while a lower bid price for developers suggests that the scope for any margin of error, such as project implementation delays, could adversely hit project economics, it was emphasised that Malaysia has a relatively favourable investment environment with low political, economic and operating risks compared to regional peers.

Earlier this month, solar prices dropped to a record low, around the US$40/MWh mark in the third round of the country’s large-scale solar programme.

A report published by the Singapore-based firm forecasts that Malaysia’s solar capacity will double from 438MW installed in 2018 to 966MW within ten years.

The prospect of “solar projects remain positive and point to scope for accelerating growth in the market over the coming years.

The country’s high irradiation levels, its established domestic solar manufacturing sector, and the government’s plan to launch more large-scale solar tenders after the last rounds were significantly oversubscribed will all contribute to growth, according to the report.

It notes that a government push to improve the competitive landscape for the power sector will also create a more favourable investment environment, giving greater scope for renewables growth when more capacity is procured.

A reform of the Malaysian electricity retail market industry will launch in late 2019, and state-owned energy company Tenaga Nasional Berhad will be restructured by the third quarter of 2020.

The increasing liberalisation bodes well for private investments and could improve competition and investments in the sector.

According to an earlier OpenGov report, Malaysia will reportedly continue to advocate and strengthen maritime and oceanographic research for the sustainable South China Sea as many nations sharing the sea depend on its living and non-living natural resources for food, trade, transport, tourism and security.

The Energy, Science, Technology, Environment and Climate Change Ministry’s deputy secretary-general (Science, Technology and Innova­tion) stated this in his speech at the opening of the 3rd South China Sea Conference 2019 (SCS2019) held in Malaysia.

Unfortunately, the South China Sea is facing a plethora of threats from climate change, pollution and over-exploitation of its resources, including modifications of coastal and natural marine environments.

To help remedy this, the ministry will play its role in ensuring environmental sustainability which is pollution-free and resistant to the threats of climate change.

Thus, in working towards a blue economy, it was crucial that sustainable economic development is balanced with the conservation and safeguarding of marine resources and the environment.

The Strait of Malacca is the second busiest strait in the world. Geographically, it is located at the most important transport and biodiversity route. Maintaining its safety is tantamount to preserving the trade route.

In addition to this, waste management in the Malaysian state of Sabah will go hi-tech. All landfills in Sabah will use cell technology and leachate treatment methods under an RM130 million allocation to improve and enhance solid waste management in the state.

The allocation will be used to upgrade the existing Kayu Madang landfill which will cost RM40 million, and to construct two new regional landfills in Tawau and Beaufort. Each construction costs RM45 million.

Secretary-general to the Housing and Local Government said the regional landfill in Tawau was scheduled to be completed in October. It has a capacity of 250 tonnes per day.

Moreover, the upgrading of the new cell structure for the Kayu Madang landfill has been approved; construction is expected to commence later this year.

Altogether these measures, alongside the projected growth of the solar industry, make it evident that Malaysia is working to prove its commitment to the switch to green tech and sustainability.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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