Malaysia plans to develop Southeast Asia’s biggest solar hybrid facility to achieve its 70% goal of renewable energy capacity by 2050, said Economy Minister Rafizi Ramli.
According to Rafizi, Sovereign wealth fund Khazanah Nasional Bhd. will lead the development of the solar hybrid plant and has attracted global investments totaling 6 billion ringgit ($1.3 billion). It will be among 10 projects worth 25 billion ringgit that he unveiled under the National Energy Transition Roadmap on July 27.
