Key Market Indicators
Malaysian solar energy consumption is projected to rise to 0.04 Exajoules by 2028, up from 0.03 Exajoules in 2023. This marks an average annual growth rate of approximately 5%. Since 2018, the nation's demand for solar energy has surged by over 36% annually. In tandem with the consumption increase, Malaysia's solar capacity is expected to reach 2,800 Megawatts by 2028, compared to 2,100 Megawatts in 2023. This represents an average annual growth rate of nearly 5%. Since 2012, the country's solar supply has expanded by about 31% each year.
