UAE’s Masdar Commits USD 8 Billion Investment in Malaysia’s Renewable Energy Development

Nov 2023

Malaysia is set to expedite its shift towards renewable energy with an investment of USD 8 billion from Masdar, one of the world’s leading renewable energy companies based in Abu Dhabi. This strategic partnership is geared towards the development of up to 10 gigawatts of renewable energy projects in Malaysia.

The commitment was formalized by the Malaysian Investment Development Authority (MIDA), the principal investment promotion agency through a memorandum of understanding (MoU) with Masdar. The projects encompass a range of initiatives, including ground-mounted, rooftop, and floating solar power plants, onshore wind farms, and battery energy storage systems, with a bold completion goal set for the year 2035.

This partnership represents a crucial step toward realizing a sustainable and greener future for Malaysia, aligning with the country’s National Energy Transition Roadmap. Masdar’s commitment goes beyond financial investment, as it pledges to utilize its expertise and cutting-edge technologies to propel Malaysia toward its renewable energy targets, including achieving 70% renewable energy installed capacity and net-zero emissions by 2050.

(Sources: Power Technology; Arab News)

About Us

Orissa International helps companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 companies that includes distributors, resellers, system integrators and local manufacturers, that we have built through advising and guiding more than 5,000 companies with their market expansion into the ASEAN region over the last 25 years.

Orissa International is headquartered in Singapore, with additional offices in Malaysia, Indonesia, Thailand, Vietnam, and the Philippines.

Our Services