Malaysia is a country that offers the best options for increasing energy efficiency in your home. With its plentiful sunlight, and the world’s largest and rapidly growing recycling industry, it is an economic powerhouse with an enviable green image. However, there are other factors that make Malaysia an attractive option for your home solar energy investment, and these include its vast network of professionals, its low cost of living and its commitment to renewable energy.
Malaysia’s poor education system is well-known, and many areas in rural Malaysia have limited access to basic healthcare facilities. Poor infrastructure and lack of medical advances in the past have made Malaysia’s healthcare system less effective than in other countries. This has been holding back the growth of solar energy in the country, and while the government is taking measures to address this, the impact will be years before any real impact can be seen. There are some encouraging signs though, that the government is increasingly seeing the need to address the issues surrounding solar pv in rural areas-and by doing so, it is hoping to unleash a booming solar energy sector in the future.
One of the big problems in Malaysia is that the national government has not been especially forward-looking when it comes to supporting solar energy. Although subsidies are available to small-scale producers, there is not enough support for larger producers. In addition to subsidies, the limited number of permits that currently exist for producing solar pv is also preventing small producers from tapping into the large domestic production potential. One solution being explored is the development of a national investment bank to finance the development of the solar energy potential. If this strategy were successful, it would potentially provide financial opportunities for both small-scale and large-scale producers.
Another major barrier standing in the way of development is the widespread environmental degradation that is taking place across the country. Malaysia’s region is surrounded by mountains and deserts that have restricted sunlight access. Many of the solutions proposed have not been funded despite promises of infrastructure development to allow for access to the natural resources of the area. It seems that the lack of awareness regarding the negative effects of traditional forms of energy such as hydropower and geothermal is another big hurdle for the potential of solar pv in Malaysia. It has been noted that in some parts of Malaysia, hydropower provides the main source of electricity. This is a major obstacle to its development.
These obstacles have forced the government to be flexible with its policies. Both large-scale as well small-scale producers have received tax and incentive breaks. These measures are designed to promote the use of clean power generation capacity, thereby reducing pollution levels and thus air pollution. Similarly, the development of geothermal thermal power stations could also be promoted to help in the production of clean energy. In addition, geothermal and solar PV are expected to play a major role in the transmission of electricity over long distances.
There is a need for investors to take special initiatives to tap the large-scale and rapidly growing the malaysian solar energy market. This is because the country is one of the fastest-growing sources of oil and gas. To meet the increasing power sector’s needs, the government should channel more investments towards infrastructure and technology development. In order to tap the solar PV market, the government should explore ways of encouraging private players to invest in the sector. The best option could be to encourage mergers and acquisitions of existing players in the field.
Another option is to provide subsidies to ensure an increase in the entry of private players in the solar sector in the country. These measures can be taken by other governments in countries that are experiencing an increase in demand for clean energy. The government can initiate similar initiatives to that of the global clean energy corporation, which has been successful in reducing the cost of solar installation in many developing countries including the malaysian state of Johor.
Many players are involved in Malaysia’s solar energy sector. There are many established players like TEGL and ARM Energy. Green Harmony, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Greenstone, Green Harmony, Green Harmony, Green Harmony, Energy, Energy, Energy, Energy, Energy, Energy, Energy and Energy. First Reserve, Enersys Power Ledger Energy Australia, Energy Australia, and APS are the largest players in this sector. CAP Energy is the biggest company in terms of capacity. It supplies photovoltaic and thermal power for Malaysia.