Kuala lumpur: Energy security is no longer optional, but it has become a strategic national priority due to recent escalations and the disruptions at the Strait of Hormuz that have sent shockwaves through the global energy market, said Deputy Prime Minister Datuk Seri Fadillah Yusof. The deputy prime minister highlighted that oil prices continue to fluctuate, directly affecting electricity and business costs, as well as the economy.
According to BERNAMA News Agency, Fadillah emphasized the need for strengthening the nation's energy position by developing stable, domestic, and sustainable energy sources to ensure long-term resilience. His comments were made during the Corporate Green Power Programme (CGPP) Project Completion Ceremony. Fadillah, who is also the Energy Transition and Water Transformation Minister, noted that clean energy supply has become a critical factor in investment decisions within the global economy.
He pointed out that multinational corporations and other high-growth sectors, such as semiconductors, data centres, and advanced manufacturing, are increasingly influenced by decarbonisation commitments and sustainability requirements. Fadillah stated that initiatives like CGPP and the Corporate Renewable Energy Supply Scheme (CRESS) have positioned Malaysia as a premier green investment destination for future industries.
Fadillah also highlighted Malaysia's rapidly growing data centre industry, attracting billions in investment from global technology firms such as Google, Microsoft, Amazon, and Nvidia. To illustrate the scale, he noted that a single large-scale data centre can consume between 20 and 100 megawatts (MW) of power.
He announced that Tenaga Nasional Bhd (TNB), through its subsidiary TNB Renewables Sdn Bhd (TRe), along with Solarvest Holdings Bhd and Savelite Engineering Sdn Bhd, have completed their solar photovoltaic plants under the CGPP via Setia Kawan Energy Sdn Bhd (SKE) and Selarong Pertama Energy Sdn Bhd (SPE). These projects represent Malaysia's progress in translating policy into impactful clean energy infrastructure and demonstrate how policy frameworks can unlock private sector participation and accelerate clean energy deployment.
With the addition of these two CGPP solar farms, contributing a combined capacity of approximately 60 MW alternating current, Malaysia has achieved more than 12 gigawatts of installed renewable energy capacity by 2025. Solar energy is a key driver towards reaching the National Energy Transition Roadmap (NETR) target of 40 percent by 2035 and 70 percent by 2050.
Commenting on the successful project completions, Solarvest group vice president of global sales, asset and marketing, Tan Qi Jie, said the projects attracted a combined investment of about RM300 million, marking the largest completed CGPP in Malaysia to date. The projects are expected to contribute roughly 1.0 percent to Malaysia's off-site renewable energy capacity.