By the end of 2020, the total installed capacity of PV in Malaysia is 1722MW, of which the installed capacity of Utility is 956MW, accounting for more than 56% of PV in Malaysia, and the main driving force is LSS Plan in Malaysia. Malaysia has sufficient reserves of solar projects. It is estimated that the annual installed capacity in Malaysia will be 0.9GW from 2021 to 2023. Considering the photovoltaic projects under NEM and LSS, 2.6GW projects are under construction and planning before 2023.

At present, the installed capacity of LSS project is 1632MW(AC), and the completion rate is 54% by 2021Q1. According to the latest analysis released by Fitch Solutions in 2021, thanks to the successful bidding policy and financing environment, the solar installed capacity in Malaysia will increase fourfold in 2030.

Malaysia's infrastructure is second to none among Asian countries, including telecommunications, highways, water resources, airports and other public construction coverage rates. As one of the emerging solar markets, Malaysia's energy mainly depends on self-produced and imported natural gas and oil. However, the reserves of natural gas are only 33 years, and the reserves of oil are only 19 years. This energy crisis urges the government to turn to the development of new energy. With abundant sunshine, superior industrial conditions and excellent conditions for developing solar energy industry, the government has adopted preferential measures such as tax rebates, investment incentives and exemption of equipment import tax to encourage enterprises to invest in this industry and achieved good results, especially foreign-funded enterprises.

Kinsend is located in China's port city near Malaysia. We have a convenient shipping environment and hope to provide high-quality solar mounting system products and solar support design services for more Malaysian PV installers.