Malaysia’s National Energy Transition Roadmap Unveils Lucrative Opportunities for Power Players

In a significant move towards achieving Malaysia’s renewable energy goals, the National Energy Transition Roadmap (NETR) was officially launched, outlining key initiatives and policies to propel the nation towards its 70% renewable energy (RE) capacity target and carbon neutrality by 2050. The NETR not only promises to transform Malaysia’s economy and livelihoods but also offers lucrative opportunities for power players in the utilities sector. The ambitious initiative, expected to entail investments worth an estimated RM637 billion, focuses on multiple areas, including solar, hydro, hydrogen and ammonia, carbon capture, battery storage, and building domestic supply chain manufacturing capabilities. CGS-CIMB Research, in