Malaysia’s Natural Resources, Environment and Climate Change Minister, Nik Nazmi Nik Ahmad, has unveiled the nation’s reinforced commitment to achieve a 70% (55 GW) renewable energy (RE) deployment in the power sector by 2050, up from the current 25% (10 GW) level and the prior 40% target. “It is vital to go in tandem — we must prepare effectively for the system’s transition to greater RE, with a target of 70% capacity by 2050. Currently, capacity is at 25%, combining hydro, solar and other resources,” says Nik Nazmi.
RM637 Billion
An estimated investment of RM637 billion until 2050 will fund RE generation sources and grid infrastructure enhancement. Nik Nazmi emphasized grid readiness and outlined measures like the Energy Efficiency & Conservation Act. Cross-border RE trade is planned to maximize value, and the government eyes green hydrogen and EV development to spearhead a comprehensive transition.
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