MPSEA seeks clearer rules to unlock green investment
KUALA LUMPUR: Malaysian Photovoltaic and Sustainable Energy Industry Association (MPSEA) has called for clearer implementation guidelines and faster regulatory approvals to accelerate renewable energy investments following 2027 Budget.
The Malaysian Photovoltaic and Sustainable Energy Industry Association (MPSEA) has advocated for clearer rules and faster regulatory approvals to boost renewable energy investments following the 2027 Budget. The association welcomed the government's extension of green technology tax incentives until December 31, 2030, which it believes will provide greater certainty for investors and businesses.
MPSEA President Ir Ts Justin Sim highlighted that the longer timeframe would strengthen investor confidence and encourage wider adoption of solar photovoltaic and energy storage technologies. However, Sim emphasized that financial incentives alone are not enough to accelerate the energy transition and called for coordination among the government, regulators, utilities, and industry players.
The association also welcomed the RM15 billion investment announced in the budget to strengthen the national electricity grid, noting that infrastructure upgrades are essential to accommodate more renewable energy while maintaining system reliability. MPSEA urged the government to improve eligibility rules for tax incentives, support battery energy storage systems, and streamline grid connection procedures to minimize project delays.
The organization stressed that a supportive policy environment and stronger industry participation are crucial for advancing Malaysia's renewable energy development.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
