Yeo Bee Yin: 'Good news' for renewable energy players

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KUALA LUMPUR (Oct 17): The Malaysian government will announce policies to fast-track its plan to increase the portion of renewable energy (RE) in the country's total energy generation mix to grow the RE sector, said Energy, Technology, Science, Climate Change and Environment Minister, Yeo Bee Yin.

Yeo said today that she will announce the policies tomorrow. She said RE constitutes 2% of the country's total energy generation mix as at 2016.

Today, Yeo said: "I will announce some good news for RE players tomorrow (Oct 18). I'm looking forward to the activities to grow the sector; that will come after this announcement.

"These policies would be the result of a lot of engagement with stakeholders and industry players," she said without elaborating. 

Yeo was speaking at the launch of the 9th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2018) here today.

She said Malaysia plans to increase its RE portion of total energy generation mix to 20% by 2030. She said the achievement will be the first milestone in the country's RE transition roadmap, deliberated by the Energy, Technology, Science, Climate Change and Environment Ministry.