When considering your options when it comes to increasing your home’s energy efficiency, one of the most attractive countries to look at is Malaysia. With its plentiful sunlight, and the world’s largest and rapidly growing recycling industry, it is an economic powerhouse with an enviable green image. However, there are other factors that make Malaysia an attractive option for your home solar energy investment, and these include its vast network of professionals, its low cost of living and its commitment to renewable energy.
Malaysia’s poor education system is well-known, and many areas in rural Malaysia have limited access to basic healthcare facilities. Poor infrastructure and lack of medical advances in the past have made Malaysia’s healthcare system less effective than in other countries. This has been holding back the growth of solar energy in the country, and while the government is taking measures to address this, the impact will be years before any real impact can be seen. However, there are encouraging signs that the government recognizes the importance of addressing the problems surrounding solar PV in rural areas. This will allow it to create a vibrant solar energy industry in the future.
Malaysia’s main problem is the inability of Malaysia’s national government to be forward-looking with regards to solar energy. While there are subsidies available for small producers, the level of support for large-scale producers is very weak. In addition to subsidies, the limited number of permits that currently exist for producing solar pv is also preventing small producers from tapping into the large domestic production potential. A national bank could be developed to help finance development of solar energy. This is one solution. If this strategy were successful, it would potentially provide financial opportunities for both small-scale and large-scale producers.
Another major barrier standing in the way of development is the widespread environmental degradation that is taking place across the country. The area around Malaysia is filled with deserts and mountains which have limited access to sunlight. Many of the solutions proposed have not been funded despite promises of infrastructure development to allow for access to the natural resources of the area. Another obstacle to solar pv’s potential in Malaysia is the ignorance about the harmful effects of older forms of energy like hydropower and geothermal. It has been noted that in some parts of Malaysia, hydropower provides the main source of electricity. This is a major obstacle to its development.
These obstacles have forced the government to be flexible with its policies. For example, incentives and tax breaks have been offered to both large-scale and small-scale producers. They are intended to encourage the use clean power generation capacities, which in turn will reduce pollution and air pollution. Similarly, the development of geothermal thermal power stations could also be promoted to help in the production of clean energy. In addition, geothermal and solar PV are expected to play a major role in the transmission of electricity over long distances.
There is a need for investors to take special initiatives to tap the large-scale and rapidly growing the malaysian solar energy market. This is because the country is one of the fastest-growing sources of oil and gas. The government could channel more investment towards technology development and deployment infrastructure to support the growing needs of the power sector. In order to tap the solar PV market, the government should explore ways of encouraging private players to invest in the sector. The best option could be to encourage mergers and acquisitions of existing players in the field.
You could also consider providing subsidies for private investors to increase their participation in the national solar sector. Such measures could be adopted by governments of other countries which are also experiencing a significant increase in their demand for cleaner energy. The government can initiate similar initiatives to that of the global clean energy corporation, which has been successful in reducing the cost of solar installation in many developing countries including the malaysian state of Johor.