The Government of Malaysia will partner with the private sector to install around 10,000 electric vehicle (EV) charging stations in Malaysia by 2025 as a part of the Low Carbon Mobility Blueprint (LCMB) 2021-2030. The government will provide companies who plan to build EV infrastructure with tax incentives and financial assistance. Other efforts include the creation of the Electric Vehicle Taskforce, which aims to bring together key ministries, agencies, and private sector participants to enhance existing strategies and develop new ones for the development of Malaysia’s EV industry. The government will also develop standards for the EV industry, including charging systems, battery disposal and swapping, wireless charging, among others, to ensure that the EV technology is standardised and secure. Currently, there are about 600 EV public charging stations in Malaysia.
In October 2021, EDF Renewables sold a 49 per cent stake in its Blyth offshore wind farm to Malaysian utility, Tenaga Nasional Berhad (TNB). The farm is located in north east England. Under the agreement, TNB shall own the minority stake in Blyth Offshore Demonstrator Limited (BODL) through its wholly-owned subsidiary, Vantage RE.
In June 2021, Risen Energy, a Chinese solar PV manufacturer planned to invest 42.2 billion ringgit ($13.35 billion) in a new solar PV cell and module manufacturing center in Malaysia over a 15-year period. A 3 GW manufacturing plant will be built in Kedah, Malaysia’s northwest area. This is a step in the direction of expanding the manufacturer’s presence in Southeast Asia. The new production hub is expected to provide the company with a key location in the heart of Southeast Asia. Construction at the Kulim Hi-Tech Park will be finished by the end of this year, with commercial operations set to commence in 2022. The new manufacturing center would not only help Risen Energy to boost its production capacity, but also promise economic growth possibilities to Malaysia’s investment environment. Approximately 3,000 jobs are projected to be generated as a result of the project.