UAE’s Masdar commits $8bn to boost Malaysia’s renewable projects News

RIYADH: Malaysia’s energy transition is set to gain momentum with an $8 billion investment from UAE’s Masdar to develop up to 10 gigawatts of renewable projects in the Southeast Asian nation. 

In a strategic partnership, the Malaysian Investment Development Authority inked a memorandum of understanding with the Emirati clean energy firm to develop these projects.  

This will include ground-mounted, rooftop, and floating solar power plants, onshore wind farms, and battery energy storage systems, with a goal to complete them by 2035. 

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