Malaysia's PV Power Generation Investment Demand Is Huge

Reason: Malaysia's national energy growth prospects are optimistic, and the new energy industry is in the ascendant. Malaysia implemented a new version of NEM (Net Energy Metering) to ensure that PV prices and TNB purchase prices are consistent, thus driving wider use of solar energy. The new NEM program has received good market feedback.

[Opportunity: Malaysia's new NEM program has achieved remarkable results]

Malaysia's Minister of Energy, Science, Technology, Climate Change and Environment Yang Meiying officially announced the implementation of the new NEM (Net Energy Metering) program earlier this year to ensure that PV prices and TNB purchase prices are consistent, thus promoting the wider application of solar energy. Yang Meiying told the media that the entire Malay Peninsula has more than 4 million roofs. If all of them are used for photovoltaic power generation, the annual power generation will reach 34,000 megawatts, while the current electricity consumption in Malaysia is only 24,000 megawatts. watt. In addition, she said that Malaysia needs about 214 million ringgit (about 3.5 billion yuan) of investment to complete the remaining quota of the current 500 MW NEM plan, of which 450 MW is used for business and agriculture, and the rest. It is used daily by the family.

Yang Meiying said that PV investors need a large amount of funds to purchase solar panels in the early stage, which has high requirements for corporate financing capacity. Therefore, there are only 27 Malaysian Energy Sustainability Development Agency (SEDA)-approved PV system investors in the country, compared with PV system supply. There are 110 merchants. At the same time, the new NEM program has received good market feedback, with 16.6 megawatts of projects in the first five months of this year, almost equal to the total for 2018.

Yang Meiying added: "There are still many people who don't know (NEM). This plan is actually very attractive to SME users." She said that SMEs can not only reduce their electricity bills through the NEM program, they are also eligible to enjoy The Green Investment Tax Free (GITA), introduced by the Malaysian Investment Development Agency (MIDA), has a maximum tax credit of 100% of green capital investment.

[Risk: Malaysia is deeply affected by "foreign garbage"]

According to the report of Greenpeace, even though Malaysia temporarily banned the import of plastic waste in July 2018 and closed 30 illegal waste recycling companies, it has little effect, and a large amount of plastic waste is randomly stacked in hundreds of garbage dumps or The incineration of toxic gases is arbitrarily incinerated.

Heng Kiah Chun, an activist at Greenpeace Malaysia, said most Malaysian recycling companies are illegal. Some "irresponsible people abuse government-issued import licenses to import contaminated inferior plastic waste." A spokesperson for Greenpeace said that both legal and illegal recycling companies employ subcontractors and accuse them of improper disposal of waste.

Edra Energy Holdings Ltd. plans to establish an international organization in Malaysia to train local renewable energy talents through the support of its parent company, China Nuclear Power Group (CGN). Zhang Guoqiang, executive vice president of CGNPC, pointed out to Ma Xinshe that CGNPC is actively exploring international talent training methods to support its global business, and it will become one of the eight similar training institutions of CGNPC.

“CGNEI is CGNEI's clean energy platform overseas. It will expand to Malaysia's One Belt One Road initiative countries such as Europe and the United States, and use the group's 40 years of training expertise and resources. Regional company best practice talent training and support CGN's global clean energy development.” He said that as Malaysia moves into the renewable energy sector, through the cooperation with Edra, the establishment of training institutions in Malaysia will be able to play an active role in mining local Talent.

Recently, Yang Meiying, Minister of Energy, Technology, Science, Climate Change and Environment, mentioned that Malaysia is ready to transform into renewable energy to ensure environmental sustainability, competitiveness, efficiency and greening. Zhang Guoqiang pointed out that CGN's talent training program has made the group a clean energy leader. Professional, technical and technical knowledge will make CGNEI one step ahead in local talent training.