UAE-based clean energy company Masdar has signed an agreement with Malaysian Investment Development Authority (MIDA) to invest $8bn for up to ten gigawatts (GW) of renewable energy projects.
To include ground mounted and rooftop solar, floating solar, onshore wind and battery energy storage systems, the agreement marks a major milestone in Malaysia’s pursuit of sustainability.
Having announced its Hydrogen Economy & Technology Roadmap earlier this month, the Malaysian government has revealed its goal for hydrogen to be the cornerstone of a new energy economy in the country.
The roadmap also outlined Malaysia’s plan to achieve a sustainably energy mix by promoting the use of hydrogen in energy storage and as a fuel in combined cycle gas turbines.
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