A Pivotal Action Towards Empowering Malaysia’s Energy Transition
The Solar Synergistics Conference 2024, an eye-opener event for the solar industry, was co-organised by the Malaysian Investment Development Authority (MIDA) and LONGi, a global integrated solar technology company. This momentous occasion, coinciding with the 50th anniversary of Malaysia-China bilateral relations, served as a dynamic platform uniting major solar enterprises and critical stakeholders across the solar industry supply chain. With a mixed audience comprising mostly engineering, procurement, construction, and commissioning (EPCC) firms, also known as system integrator companies, the conference facilitated insightful discussions to drive Malaysia’s solar ecosystem forward.
As a tribute to the occasion, Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, complimented LONGi’s leadership in technological innovation and sustainable development. He emphasised “Malaysia is dedicated to assuming a significant role in the global effort to combat climate change. By setting a rigorous target for 2030, we aim to reach net-zero emissions by 2050, thus holding up a mirror to the world on environmental responsibility. In fact, the Solar Synergistics Conference held today serves as a platform towards sustainable business expansion, fostering economic prosperity, and leaving a positive legacy for generations to come.”
“Solar energy stands out as a beacon of hope in our quest for sustainability. Its abundance, accessibility, and renewability make it a key component for a transition towards a low-carbon economy. By harnessing the power of the sun, we not only reduce our dependence on fossil fuels but also create opportunities for economic growth and job creation.” added Mr. Sikh Shamsul.
Mr. Frank Zhao, the esteemed APAC President at LONGi, echoed the company’s resolute commitment to Malaysia’s energy transition during the Solar Synergistics Conference 2024. He articulated LONGi’s alignment with governmental initiatives, stating, “We are dedicated to propelling Malaysia’s energy transition and fostering the development of a comprehensive solar ecosystem. Notably, LONGi’s substantial investment in constructing three cutting-edge factories in Malaysia underscores its proactive approach to localising production and stimulating economic growth”.
In a testament to its dedication to Malaysia’s renewable energy sector, LONGi has established three cutting-edge factories in Malaysia, including Kuching, Bintulu, and Selangor. These state-of-the-art facilities boast an impressive combined capacity of over
10GW per year, positioning LONGi as a cornerstone of Malaysia’s solar manufacturing landscape. At the same time, LONGi set up the headquarters of LONGi Asia Pacific in Kuala Lumpur and is committed to providing better services to the local customers with its vision: “Solar for All”.
MIDA has been actively championing green technology initiatives, introducing targeted incentives through a tiered approach outlined in the Budget 2024. These incentives are strategically designed to empower investors to attain global leadership in energy and carbon efficiency standards. In 2023, MIDA achieved remarkable milestones, approving a total of 565 green technology projects valued at RM3.2 billion and five (5) green services projects with a total approved investment of RM17.8 million. Out of 565 projects approved, 530 (94 percent) were from renewable energy of which all were solar projects with approved investments of RM1.4 billion.
With a turnout of over 200 participants, the conference was ideal for bringing together other esteemed representatives from the Energy Commission, Sustainable Energy Development Authority (SEDA), Tenaga Nasional Berhad (TNB), and financial institutions, who are fundamental in shaping the landscape of sustainable energy in the nation. The event was timely with the recent announcement of the RE programmes launched on 1 April 2024 and the enhanced green tax incentives.
