6-10-2023 (KUALA LUMPUR) Malaysia and the United Arab Emirates have officially announced a groundbreaking collaboration aimed at establishing a formidable renewable energy capacity of 10 gigawatts in Malaysia, with an estimated value of $8 billion by the year 2025. Prime Minister Anwar Ibrahim of Malaysia unveiled this landmark partnership, signifying a significant leap towards sustainable energy development.
The details of this promising initiative have been documented in a preliminary agreement reached between the Malaysian Investment Development Authority and Abu Dhabi Future Energy Company PJSC (commonly known as Masdar), a renowned leader in sustainable energy solutions.