Energy Transition by S&P Global Commodity Insights’ Post

Exciting times! Platts has launched daily Solar I-REC price assessments for Singapore as the regional market continues to grow. Singapore’s I-RECs redemption for solar has grown by about 113% year on year, as of November 2024, while issuance has grown by 284% compared to 2023.

Malaysia's Energy Transition: A Game Changer for Energy Storage The Malaysian government’s BESS (Battery Energy Storage System) program is transforming renewable energy, with 400MW/1600MWh capacity addressing solar intermittency and grid stability. This opens exciting partnership opportunities for local and foreign players to collaborate on design, installation, and operations. Foreign expertise in advanced battery technologies can team up with Malaysian firms, especially those with infrastructure experience. Local companies can leverage this to expand capabilities while aligning with national renewable energy goals. #EnergyStorage #Partnerships #RenewableEnergy #Malaysia Solar & Storage Live Malaysia

As part of its Vision 2030 initiative, Saudi Arabia aims to produce 50% of its energy from renewable sources by 2030, sparking heightened interest and increased demand in International Renewable Energy Certificates (I-RECs) to bolster the sector's expansion. Check out S&P Global Commodity Insights’ new Platts daily solar I-REC price assessments for Saudi Arabia, providing transparent and reliable data in the renewable energy sector. As the demand for renewable energy continues to rise, our assessments provide clarity into a rapidly growing market combined with the actionable and reliable data and insights necessary for organizations to thrive in this dynamic environment. Learn more about our recent launch of Saudia Arabia (and Singapore) I-REC price assessments: https://okt.to/8xLrQf #RenewableEnergy #Decarbonization

🌞 #Malaysia Opens Tender for #2GW of Solar PV Capacity! The Ministry of Energy Transition and Water Transformation (#PETRA) has launched a tender for #2GW of solar PV, offering two key packages: 🔹 1.5GW for large-scale solar plants (30MW–500MW) 🔹 500MW for floating solar PV (10MW–500MW) 📅 Start of Operations: By 2027 🌱 Net-Zero by 2050: Solar plays a key role in Malaysia’s renewable energy target of 70% 📊 IRENA Forecast: Malaysia could deploy up to #153GW of solar by 2050 This tender continues Malaysia's commitment to decarbonization and sustainable energy, highlighting the untapped potential for floating solar in Southeast Asia. Read more: https://lnkd.in/gS7v-J-7 #SolarEnergy #FloatingSolar #RenewableEnergy #Malaysia #CleanEnergy #EnergyTransition #NetZero #Sustainability #SolarPV #tender International Renewable Energy Agency (IRENA)

A first for the kingdom and important step in the energy transition.

🌞 #Malaysia Opens Tender for #2GW of Solar PV Capacity! The Ministry of Energy Transition and Water Transformation (#PETRA) has launched a tender for #2GW of solar PV, offering two key packages: 🔹 1.5GW for large-scale solar plants (30MW–500MW) 🔹 500MW for floating solar PV (10MW–500MW) 📅 Start of Operations: By 2027 🌱 Net-Zero by 2050: Solar plays a key role in Malaysia’s renewable energy target of 70% 📊 IRENA Forecast: Malaysia could deploy up to #153GW of solar by 2050 This tender continues Malaysia's commitment to decarbonization and sustainable energy, highlighting the untapped potential for floating solar in Southeast Asia. Read more: https://lnkd.in/gS7v-J-7 #SolarEnergy #FloatingSolar #RenewableEnergy #Malaysia #CleanEnergy #EnergyTransition #NetZero #Sustainability #SolarPV #tender International Renewable Energy Agency (IRENA)

🌞 #Malaysia Opens Tender for #2GW of Solar PV Capacity! The Ministry of Energy Transition and Water Transformation (#PETRA) has launched a tender for #2GW of solar PV, offering two key packages: 🔹 1.5GW for large-scale solar plants (30MW–500MW) 🔹 500MW for floating solar PV (10MW–500MW) 📅 Start of Operations: By 2027 🌱 Net-Zero by 2050: Solar plays a key role in Malaysia’s renewable energy target of 70% 📊 IRENA Forecast: Malaysia could deploy up to #153GW of solar by 2050 This tender continues Malaysia's commitment to decarbonization and sustainable energy, highlighting the untapped potential for floating solar in Southeast Asia. Read more: https://lnkd.in/gS7v-J-7 #SolarEnergy #FloatingSolar #RenewableEnergy #Malaysia #CleanEnergy #EnergyTransition #NetZero #Sustainability #SolarPV #tender International Renewable Energy Agency (IRENA)

"The Enegem initiative falls under the Cross-Border Electricity Sales for Renewable Energy Scheme (CBES RE), enabling Malaysia to position itself as a leader in regional RE integration and trading. The effort supports Malaysia’s energy transition agenda and the region’s vision for a unified Asean Power Grid, which Malaysia will spearhead during its Asean chairmanship in 2025." https://lnkd.in/g8-a9S8K

As the adoption of solar energy grows in Malaysia, Power Purchase Agreements (PPAs) have become an increasingly attractive option for consumers. Through a PPA, you can harness solar power without the burden of upfront capital expenditure, thanks to arrangements with Registered Solar PV Investors (RPVI). However, these agreements are long-term commitments and require careful consideration of the financial and legal terms. Our latest article delves into the essential aspects of PPAs that every consumer should be aware of. Find out more on our blog. https://bit.ly/3ZiPKrT #SolarEnergy #RenewableEnergy #MalaysiaLaw #PPAs #SustainableEnergy #JoshuaAaronKeet

Rooftop Solar: A Key Driver of Malaysia's Energy Transition As the world embraces the shift toward renewables, solar power is taking center stage in the global energy transition. By 2030, solar is expected to play a pivotal role, with renewable energy use projected to rise by nearly 60%. Globally, solar panel installations are forecast to grow by 29% in 2024, reaching an impressive 593 GWs, driven by declining costs and increasing demand. In Malaysia, solar energy adoption is accelerating, fueled by government initiatives like the Corporate Renewable Energy Supply Scheme (CRESS) and policies encouraging rooftop solar installations. These efforts are reshaping the energy landscape and positioning Malaysia as a regional leader in clean energy. At Founder Energy, we’re proud to support this transformation with our expertise in solar system supply and installation. Since 2021, we’ve successfully delivered over 400 MWp of solar projects, empowering businesses and communities to harness the power of the sun. #FounderEnergy #SolarPower #RenewableEnergy #Malaysia #EnergyTransition #CleanEnergy #Sustainability #SolarSolutions 🔗 Link to full article: https://lnkd.in/dfJcCNTg #EnergyTransition #SolarPower #RenewableEnergy #Sustainability #RooftopSolar #CleanEnergy #SolarInnovation #FutureOfEnergy #GreenTech #FounderEnergy #SolarSolutions #EnergyIndependence