ASEAN Solar Expo is built on this premise, in tandem with the robustly growing demand for clean and non-fossil fuel based energy. ASEAN Solar Expo is ..
built on this premise, in tandem with the robustly-growing demand for clean and non-fossil fuel based energy. Much of the renewable energy (RE) segment's potential in the Southeast Asian region are yet to be explored. The International Renewable Energy Agency calls Southeast Asia as the potential hotspot for renewable energy, given ASEAN's plans to generate 23% of its primary energy needs from renewables by 2025. The Renewable Energy (RE) Market in Malaysia is expected to grow to nearly 1 GW by 2015, 2 GW by 2020, 4 GW by 2030 and eventually 21 GW by 2050. Solar PV will be the dominant source of energy post-2020, taking up 30% of the total capacity by 2030. RE is expected to play a larger role in Malaysia with two regulatory frameworks in place: Renewable Energy Act 2011 and Sustainable Energy Development Authority (SEDA) Act 2011.