The Solar Photovoltaic Market in Malaysia

Malaysia's solar photovoltaic (PV) market has experienced significant growth in recent years, driven by government initiatives to increase renewable energy usage and reduce carbon emissions. The country's Feed-in Tariff (FiT) scheme, which provides incentives for renewable energy generation, has been a key driver of this growth.

According to the Malaysian Investment Development Authority (MIDA), the country's cumulative installed solar PV capacity reached 1,334 MW as of December 2020. This represents a significant increase from just 13 MW in 2011, when the FiT scheme was first introduced.

The residential sector has been a major contributor to Malaysia's solar PV market, with homeowners increasingly installing rooftop solar panels to generate their own electricity and reduce their reliance on the grid. The commercial and industrial sectors have also shown growing interest in solar PV, with many businesses installing large-scale systems to reduce their energy costs and carbon footprint.

Despite the growth in Malaysia's solar PV market, there are still challenges to be addressed. These include the need for greater grid integration and energy storage solutions, as well as the need for more streamlined regulatory processes to facilitate the development of new projects.

As an professional solar panel roof mount supplier, Cowell offer the tailor-made solar panel mounting brackets with nuts and bolts and cost-optimized ground-mounted PV mounting systems. Pls feel free to contact us if anything need to help.