BALI, Aug 25 — Cross-border renewable energy (RE) trade is crucial for Malaysia to develop its energy storage sector, said Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad.
“At present, it is still difficult to make it economical in Malaysia, but I think the moment you allow cross-border (RE trade), then it would be feasible,” he told reporters at the Asean Ministers on Energy Meeting and Asean Energy Business Forum 2023.
He said energy storage is an important component in ramping up the nation’s RE capacity, adding that Malaysia is keen to become an RE hub for Asean.
“We realise that in the Asean power grid, Malaysia will be right smack in the centre of it, so that’s why I think we can be a hub for RE,” he said.
In May this year, the government lifted the ban on exports of RE, allowing the trade of excess RE with neighbouring countries as part of a policy review to strengthen the nation’s green energy sector.
— Bernama
