The world’s largest thin-film solar power solution company, Hanergy, has taken a major strategic step into Malaysia’s growing solar market.
It has signed a deal with Tenaga Switchgear (TSG), the holding subsidiary of Malaysian utility Tenaga Nasional Berhad, to make TSG the exclusive distributor in Malaysia for the HanTile, a thin-film solar roofing tile.
“We see great potential in Malaysia, which is a strategic market for Hanergy,” said Lv Yuan, vice-president of Hanergy Thin Film Power Group, who added that he was confident that the deal would “pump-up the demand” for solar in the country.
Hong-Kong-headquartered Hanergy and TSG have also pledged to open talks around the possibility of setting-up a thin-film solar industrial park in Malaysia.
TSG president Datuk Hisham said the deal with Hanergy would help to “revolutionise Malaysia’s photovoltaic market”
He said the HanTile would be used in the construction of “high-end villas to help build Malaysia’s smart cities and smart home project”.
It is expected that in this year’s finance budget, the Malaysia government will allocate $480m to aid the development of renewables technology. The government has set a target of developing 20 per cent of total energy consumption from renewables (excluding hydropower) by 2025 – today renewables account for 2 per cent of the total energy mix. To deliver that plan, Malaysia will need to add 4 GW of renewables over the next seven years.
Malaysia’s considerable solar potential will be highlighted at SolarVision, which takes place in Kuala Lumpur later this year. Click here for details.