Masdar signs 2GW plan for renewables in Malaysia

July 31, 2023
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

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

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

October 29, 2025
French firms TotalEnergies and EDF, with local partners, secured contracts for 400MW and 600MW solar projects in Saudi Arabia, supporting Vision 2030 renewable goals.
October 28, 2025
GreenYellow plans to invest US$116 million in Poland over the next three years to expand its installed capacity and customer base.
October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 28, 2025
Chinese solar inverter producer GoodWe has launched a new “low noise, low weight” string inverter for the European corporate & industrial solar market.
October 28, 2025
Fotowatio Renewable Ventures (FRV) Australia has announced the development of a 210MWdc solar project in New Zealand's Rangitikei District.
October 27, 2025
Chinese engineering firm Shanghai Electric has signed an engineering, procurement, and construction (EPC) contract with independent power producer (IPP) Econergy to build a 342MW solar PV plant in Romania.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany