KUALA LUMPUR: Solarvest Holdings Bhd
expects the outlook for the renewal energy (RE) industry in Malaysia to remain optimistic, underpinned by the government’s aggressive effort to increase its RE capacity to 70% of Malaysia’s total energy mix, with an aspiration to achieve net zero by 2050.
In a filing with Bursa Malaysia, Solarvest said the power sector is expected to increase its RE capacity to 31% by 2025 and 40% in 2035, with solar energy slated to become the dominant RE source in the system.
