Before 2007 Malaysia did not have a solar industry, today it the world's 4th largest producer of solar cells behind China, Taiwan and Japan.
Besides the undeniable contribution of multinational corporations which heavily invested in the last years, Malaysia's government efforts to attract investors and promote its favourable manufacturing environment (a combination of low-cost labour and highly-skilled engineers) have been the main driver of this unexpected growth.
Moreover, the government of Malaysia has initiated renewable energy policies to encourage industries and individuals to employ renewable-energy-powered systems in power applications.
Through the full-featured Advanced Renewable Tariff scheme that passed in 2011 the Malaysian government committed to adopt a very complex range of tax measures in order to incentivize production and consumption of renewable energy sources.
[Do you want to know more about the Feed-in Tariff? Click here]
In less then a month, from the 9th to the 12th of September, the International Greentech & Eco Products Exhibition & Conference Malaysia 2015 (IGEM 2015) will take place at the Kuala Lumpur Convention Centre (KLCC). Conceived in the year 2010, the IGEM series was positioned to take the lead and gather industry players and professionals from the public and private sectors (local & international) to explore and grasp the lucrative opportunities in the green market.
The theme of IGEM 2015 will be “Powering the Green Economy”: Malaysia now aims to be a Green Technology Hub for the ASEAN Region. More than 400 companies from 60 countries are expected to participate and the exhibitors are expected to reflecting the 5 pillars:
· Green Energy
· Green Transport
· Green Building
· Solid Waste Technology and Management
· Clean Water Technology and Management
Malaysia will be soon be at the cutting-edge of green innovation. Don’t you want to join?
Eliana Canavesio