New RE policy updates a boon to local players

MIDF Research expects YTL Power to benefit in the immediate term with the lifting of RE export ban.

PETALING JAYA: Recent updates to Malaysia’s renewable energy (RE) policy are expected to benefit several power producing companies through the creation of new opportunities.

Potentially attracting investments of up to RM637bil up till 2050, involving power generation sources, grid infrastructure and energy storage capacity, the latest policy decisions could position Malaysia as a leader in regional RE trade.