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Renewable energy trade crucial to Malaysia’s battery sector: Nik Nazmi | Scoop
Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad (fourth from right) says cross-border renewable energy trade is crucial to allow Malaysia to develop its battery energy storage sector. – Facebook pic, August 25, 2023
News

Renewable energy trade crucial to Malaysia’s battery sector: Nik Nazmi

Battery energy storage important component in ramping up the nation’s RE capacity, says minister

Updated
10:07 AM MYT

 

BALI – Cross-border renewable energy (RE) trade is a crucial boost to allow Malaysia to develop its battery energy storage sector, said Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad.

“At present, it is still difficult to make it economical in Malaysia but I think the moment you allow cross border, then it would be feasible,” he told Malaysian journalists at the 41st Asean Ministers on Energy Meeting (AMEM-41) and Asean Energy Business Forum (AEBF) 2023.

He said battery energy storage is an important component in ramping up the nation’s RE capacity, adding that Malaysia is keen to become a hub for RE in Asean. 

“We realise that in the Asean power grid, Malaysia will be right smack in the centre of it, so that’s why I think we can be a hub for RE.”

In May, the government lifted the ban on exports of RE, allowing the trading of excess RE with neighbouring countries as part of a policy review to strengthen the nation’s green energy sector. – August 25, 2023

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