Malaysia

Solar PV capacity, solar energy market, revenue growth

上图是 total solar energy installed capacity

Key players:

Semi-fragmented
 In line with Singapore International Energy

Week, the Malaysian Ministry of Energy set renewable energy goals for the year 2035.Malaysia
wants to get 31% of its energy from renewable sources by 2025, which would be 8.53 GW, and
40% by 2025, which would be 10.94 GW.
Source: https://www.mordorintelligence.com/industry-reports/malaysia-solar-energy-market
The Malaysia renewable energy policy targets a capacity increase of renewable energy to
4000MW by 2030. Also, renewable energy generation in the country has increased in recent years.
It was 3.1 Terawatt hours in 2021, a 10% increase from the previous year. Considering the
capacity expansion as per policy & increasing generation trend, the solar energy market in
Malaysia will witness an upward trend in the coming years.
Source: https://www.mordorintelligence.com/industry-reports/malaysia-solar-energy-market

Solar PV installed capacity

With the increased solar PV installations across the country, the solar PV segment is expected to
grow significantly due to increasing small-scale solar PV deployment during the forecast period.
The Department of Energy (DOE) released the Philippine Energy Plan 2020-2040, establishing the
country's goal for renewable energy to reach 35% of its power generation mix by 2030 and 50%
by 2040. This development, in turn, will culminate in the increasing deployment of solar PV
across the country.
Source: https://www.mordorintelligence.com/industry-reports/philippines-solar-energy-
marketNevertheless, it is estimated that replacing/integrating diesel generators with renewable
energy, like solar, can save the country over USD 200 million per year. Small islands in the
Philippines are powered by generator-based mini-grids fueled by imported diesel and bunker
(freighter) oil. These islands suffer from blackouts and unplanned power outages due to grid
instability, inadequate generation capacity, and lack of subsidized fuel. Therefore, off-grid
electrification through renewable energy sources, such as solar, is expected to create a significant
opportunity in the future.
Source: https://www.mordorintelligence.com/industry-reports/philippines-solar-energy-market
 The solar industry has cut costs dramatically through economies of scale in the past six years.
As the market was flooded with equipment, prices plummeted. In 2011, the price of solar panels
declined by 48.4%, while the PV system costs dropped by more than 30% since 2008. As of 2022,
solar photovoltaic (PV) modules were more than 80% cheaper than in 2011, culminating in an
increase in solar installations across the country and favoring the market's growth.
 The cost of electricity from solar PV declined by almost three-fourths during 2010-2022 and
continues to decline. Continuous technological improvements, including higher solar PV module
efficiencies, drive cost reductions. The industrialization of these highly modular technologies
yielded impressive benefits from economies of scale and greater competition to improved
manufacturing processes and competitive supply chains.
Source: https://www.mordorintelligence.com/industry-reports/philippines-solar-energy-market

Thus, the declining photovoltaic system prices are expected to increase the adoption of solar
power in the Philippines and drive the market during the forecast period.
Source: https://www.mordorintelligence.com/industry-reports/philippines-solar-energy-market

solar PV accounted for 5% of the Philippines’s total installed power generation capacity and 1% of
total power generation in 2021.

Solar energy is a portion in renewable energy generated, also a portion in total energy
consumption
Green building market

Malaysia
Certified buildings in Malaysia as of August 2023: 662 projects

Registered buildings with GBI in Malaysia as of August 2023: 1,168 projects

Amount of CO2 emissions reduced as of August 2023 (from 662 GBI certified projects):
1,749,000 tCO2E/Annum

Amount of Gross Floor Area (GFA) of GBI Rated Buildings as of August 2023: 300.5 million sqft

https://www.researchandmarkets.com/reports/5504500/philippines-green-construction-industry-
databook

Electricity cost
In the two markets Greehomes is involved with, green building market and solar energy market,
Malaysia does better than Philippines in both

Market Entry Strategies

Green building consulting?

Possible collaboration with solar energy group or residential housing construction companies?

Collaborate with local solar energy groups to