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Ernst & Young: Malaysia ito Achieve 7GW Renewable Energy Target by 2025

Release date:2021-04-20 Source:Raytech Pageviews:-

Malaysia has set a 20% renewable energy target in 2018. By the end of 2018, renewable energy accounts for 2% of electricity generation. The country is currently preparing to build 1GW of renewable energy. According to official data, by the end of 2019, the total installed capacity will be 33.9GW, and there will be no official update in 2020.

Given that the competitive electricity price of the solar auction is lower than that of 20 ringgit / kWh (US $0.0485 / kWh), Malaysia is expected to continue its annual tender to help achieve its target and possibly raise it.

In 2021, Raytech will continue to focus on global solar market to provide high-quality solar panels and 24/7 service to our clients, so to make contributions local energy target realization. Raytech Double-glass modules come with 12-year product warranty and 30-year performance warranty, 2 years and 5 years longer than industry's standard warranty respectively.

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