Though not the most widely deployed solution, floating solar farms bypass land and social constraints, making efficient use of available space to potentially help achieve Malaysia’s renewable energy target – one that would otherwise be difficult or too costly to reach.
Over 70 per cent of organisations are investing more than 10 per cent of their capital expenditure in low-carbon initiatives as digitalisation and automation take centre stage.
Floating solar deals, cross-border energy plans and a new carbon credit framework highlight early progress, but achieving net zero will require rapid capacity expansion and a more resilient, modernised grid.
India accounts for more than half of the expected growth, followed by Pakistan, Japan and Australia, finds new data from the International Energy Agency.