Masdar signs 2GW plan for renewables in Malaysia

Facebook
Twitter
LinkedIn
Reddit
Email
The company said this forms part of its wider plan to expand its operations in Southeast Asia. Image: Masdar

UAE state-owned renewable energy developer Masdar has signed a memorandum of understanding (MoU) with Citaglobal Berhad to develop 2GW of solar, energy storage and wind projects in Malaysia.

Masdar said that the plans will include rural off-grid projects as it continues to expand its presence in the growing Southeast Asian market. The 2GW will all be deployed in the state of Pahang, Malaysia.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Citaglobal Berhad is a Malaysian-owned investment holding company. Its president and executive chairman, Tan Sri, said at the MoU signing ceremony: “By collaborating with a leading energy transition player, we will make faster progress towards our climate targets, besides building our long term energy requirements in a responsible and cost efficient manner.”

According to the International Renewable Energy Agency (IRENA), Malaysia is a country with “huge untapped potential” in its solar PV market; by 2050 the country could be on track to reach 153GW of installed capacity.

Malaysia is also one of a number of Southeast Asian countries which have come to provide manufacturing bases for the PV industry. JinkoSolar, for example, has a 7GW vertically integrated cell/module production facility in the country, which as of 2022 was powered entirely by renewables.

Malaysia and three other countries in the region have also been the centre of the ongoing antidumping/countervailing duty (ad/cvd) tariff saga in the US.

Tan Sri continued: “The MoU will also facilitate the potential collaboration between Masdar and Citaglobal related to technology solutions and equipment supply outside of Malaysia with a focus on Central Asia.”

Masdar has focused a lot of its operations on Central Asia in the past. It has an extensive portfolio in Uzbekistan in particular, after adding 2GW of projects in May and closing financing on another 900MW of PV in April.

As a state-owned company of the UAE, Masdar framed this MoU in the context of the upcoming COP28 conference to be held in the country.

“As the UAE looks ahead to hosting the UN climate change conference, COP28, later this year, Masdar is proud to be working with partners to advance clean energy solutions around the world,” said Mohamed Jameel Al Ramahi, Masdar’s CEO.

The event will be chaired by Sultan Ahmed Al Jaber, the head of the Abu Dhabi National Oil Company (ADNOC), which owns Masdar.  

Read Next

May 20, 2025
Enfinity Global has secured €100 million from Eiffel Investment Group to advance its solar PV and battery energy storage system (BESS) portfolio in Europe.
May 20, 2025
The three projects, Mammoth South, Mammoth Central I, and Mammoth Central II, have a generation capacity of 300 MW each.
May 20, 2025
Octopus Australia has received grid connection approval from AEMO for a 300MW solar-plus-storage site in New South Wales.
May 20, 2025
Australia’s Victoria government has proposed seven REZ for the state, emphasising these will help achieve its target of 2.7GW of utility-scale solar PV generation by 2040.
May 19, 2025
Lithuanian government-owned utility and renewables developer Ignitis Group has signed a financing deal with SwedBank to support 239MW of solar PV capacity in Latvia.
May 19, 2025
Swedish solar developer OX2 has received development consent from the New South Wales government in Australia for a 90MW solar-plus-storage project.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 21, 2025
London, UK
Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia