MIDA targets RM10b renewable energy work for local firms

MIDA is pushing Malaysian companies to capture more of the country's renewable energy supply chain, which saw close to RM10 billion in approved investments from 2023 to 2025. The agency has named five local firms as inaugural Renewable Energy Local Champions under its MIDA Supply Chain Programme at

KUALA LUMPUR (Oct 8): Malaysian businesses are being urged to secure a bigger share of the country's renewable energy supply chain, as the government targets a 70 per cent renewable share of electricity-generation capacity by 2050.

The Malaysian Investment Development Authority (MIDA) said it approved close to RM10 billion in renewable energy investments between 2023 and 2025, spanning solar, hydropower and bioenergy. In a prepared address for the inaugural MIDA Supply Chain Programme at IGEM 2026, chief executive Datuk Sikh Shamsul Ibrahim said green investment had reached RM45.8 billion