Malaysia’s solar power to surpass 6.5GWs by 2029 - Asian Power
Published March 13, 2026
Malaysia’s Solar Power Capacity Expected to Exceed 6.5 GW by 2029
Malaysia is poised for significant growth in its solar energy sector, with projections indicating that the country's solar power capacity will surpass 6.5 gigawatts (GW) by the year 2029. This anticipated increase in solar energy generation is part of Malaysia's broader efforts to transition towards renewable energy sources, aligning with global trends aimed at reducing carbon emissions and combating climate change.
According to the latest reports, Malaysia's solar capacity is expected to grow at an accelerated pace, driven by a combination of government policies, technological advancements, and increasing investments in renewable energy infrastructure. The Malaysian government has set ambitious targets for renewable energy, aiming for 20% of the nation’s energy mix to come from renewable sources by 2025.
Current State of Solar Power in Malaysia
As of now, Malaysia has made significant strides in solar energy production. The country has established itself as a key player in the solar industry, thanks in part to its strategic geographic location and favorable climate conditions that support solar power generation. Presently, Malaysia's solar energy capacity stands at approximately 3.5 GW, with a growing number of solar farms and rooftop installations contributing to this figure.
The government has implemented several initiatives to promote solar energy, including the Feed-in Tariff (FiT) scheme, which incentivizes the generation of renewable energy. This program has encouraged both residential and commercial sectors to invest in solar technology, leading to an increase in solar panel installations across the country.
Future Projections and Investments
Looking ahead, the Malaysian solar power market is expected to attract substantial investments, with estimates suggesting that the sector could receive up to MYR 12 billion (approximately USD 2.9 billion) in funding by 2029. This influx of capital will be crucial for the development of new solar projects, as well as the expansion of existing facilities.
Industry experts anticipate that the growth of solar power in Malaysia will be driven by several factors, including declining costs of solar technology, advancements in energy storage solutions, and increased awareness of the environmental benefits associated with renewable energy. Additionally, the government's commitment to achieving its renewable energy targets is expected to further stimulate investment in the sector.
Government Initiatives and Policy Framework
The Malaysian government has introduced a comprehensive policy framework aimed at fostering the growth of renewable energy. This includes the Renewable Energy Act, which provides a regulatory structure for the development and implementation of renewable energy projects. Furthermore, the government has set a goal to increase the share of renewable energy in the national energy mix to 31% by 2025.
In addition to the FiT scheme, the government has launched various programs to facilitate the adoption of solar energy. These initiatives include the Net Energy Metering (NEM) scheme, which allows consumers to sell excess solar energy back to the grid, and the Large Scale Solar (LSS) program, which focuses on developing large-scale solar power plants across the country.
Challenges and Opportunities
Despite the positive outlook for solar energy in Malaysia, the sector faces several challenges that could impact its growth trajectory. Key issues include regulatory hurdles, the need for improved grid infrastructure, and competition from other renewable energy sources. Addressing these challenges will be essential for ensuring the continued expansion of solar power in the country.
However, there are also numerous opportunities for growth within the solar sector. The increasing demand for clean energy, coupled with technological advancements in solar panel efficiency and energy storage, presents a favorable environment for further investment and development. Additionally, the global push for sustainability and carbon neutrality is likely to enhance the attractiveness of solar energy as a viable alternative to fossil fuels.
Conclusion
In summary, Malaysia's solar power capacity is on track to exceed 6.5 GW by 2029, driven by a combination of supportive government policies, technological advancements, and growing investments in renewable energy. As the nation continues to prioritize the development of solar energy, it is well-positioned to play a significant role in the global transition towards a more sustainable energy future.
With ongoing efforts to overcome existing challenges and capitalize on emerging opportunities, Malaysia's solar sector is expected to thrive in the coming years, contributing to the nation's energy security and environmental sustainability goals.
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