Top Renewable Energy Companies in Malaysia

The Renewable Energy Industry in Malaysia is a crucial sector that has seen significant growth and investment over the years. In this article, we will delve into the key statistics from 2022, factors contributing to its growth and success, each industry's growth and comparison to the previous years, key trends including technological disruptions, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
AGTIV CONSULTING41 +60 3-7931 3555
sales@agtiv.com

AGTIV is an established award winning IT solution provider that specializes in collaboration and document management platform; as well as customer relationship management framework. PULZ document control solution provides project & document management solutions for the oil & energy industry. PULZ has helped document controllers, project managers, owners, contractors, designers, and consultants coordinate and synchronize every single element of their projects and ensure that proper management of project stakeholders, information, and resources are in compliance with the projects defined standard processes. We have successfully assisted EPC and FPSO companies streamline their document control process during tender, EPC, and operation phases. Today, PULZ has been deployed across the globe to enterprises in France, Singapore, Norway, United Kingdom, Netherlands and many more. Our mission is to enhance the business growth of our customers with market-defining high-quality solutions that…

SURIA INFINITI SDN BHD27 +60 3-6143 5899
info@suriainfiniti.com

SURIA INFINITI SDN BHD (SISB) is an UZMA BERHAD associate company specializing in Electrical Engineering, Renewable Energy (RE) and Energy Efficiency (EE) through PV solar systems, energy efficiency products, and sustainability reports by establishing required frameworks as well as monitoring and reporting carbon footprint. Suria Infiniti transited from a partnership that begin in 2011 and has now grown into a private limited company as August 2012. In 2017, we have grown into a 100% Bumiputera owned company with a CIDB G7 in electrical, mechanical and civil fields. Suria Infiniti is a Class A contractor registered with Energy Commission Malaysia and a registered G7 contractor with Tenaga Nasional Berhad (TNB). We are certified by the Institute for Sustainable Power Quality (ISPQ) for PV solar system designers in on-grid and off-grid system design. Were also a certified AEMAS Energy Manager by Greentech and REHDA Malaysia. It was set up by individuals with combined experience of ov…

BELL GROUP OF COMPANIES7 +60 3-5634 3888
contact@bell.com.my

BELL Group of Companies is one of the largest privately owned independent palm oil millers in Malaysia, with leading capabilities in the generation of renewable power from oil palm by-products and the manufacturing all-natural downstream palm products, including skincare and cosmetics.

SEDANIA INNOVATOR BERHAD57 +60 3-7880 2001
info@sedaniainnovator.com

Sedania Innovator Berhad is a publicly listed technology company in Malaysia focusing on Sustainable Energy and Sustainable Healthcare. Sustainable Energy: We project-manage and invest in energy efficiency and renewable energy projects. To date, we have over 360 buildings under energy saving and achieved over 65 gigawatt-hours in saved energy. Sustainable Healthcare: Our brand Offspring offers eco-friendly preventive healthcare products for children in over 23 countries. Our bio-degradable baby wipes reduced landfills by 13 million wipes or 110 tons of waste.

TANAH MAKMUR BERHAD40 +60 9-575 1561
whistleblower@tanahmakmurberhad.com

Our Company was incorporated in Malaysia under the Act as a private limited company on 18 December 2008 under the name of Kreatif Selaras Sdn Bhd and we commenced our business on 5 May 2009. On 17 October 2013, our name was changed to Tanah Makmur Sdn Bhd and on 29 November 2013, our Company was converted into a public limited company and assumed its present name of Tanah Makmur Berhad. Subsequently, The Company embarked on a listing exercise which involved initial public offering (“IPO”) of 101.59 million ordinary shares which comprises public issue of 52.14 million new shares and an offer for sale of 49.45 million existing shares at an offer price of RM1.25 per share, raising RM65.18 million for the group.” The Company was successfully listed on the main market of Bursa Malaysia Securities on 17 July 2014. Our Group is principally involved in the cultivation of oil palms and its ancillary activities comprising of the operation of our palm oil mill and compost plant. We also operat…

EPIC BERHAD112 +60 9-863 1387
info@epicgroup.com.my

Eastern Pacific Industrial Corporation Berhad (EPIC) is an integrated oil and gas solutions provider for both the upstream and downstream value chain. Its core business is in providing base services tailored to the oil & gas offshore industry, and includes port management, marine engineering & services, engineering & maintenance services. EPIC also serves in the renewable energy & green technology industry. By leveraging the unique strengths of its subsidiaries, EPIC is able to provide a full spectrum of services and facilities are boosted by other value-added services such as marine repair and maintenance, property rental services and more. All of these services and facilities comply with world-class standards of safety, quality and effciency through the utilization of cutting-edge technologies and the engagement of highly skilled and experienced human resources. EPICs competitive edge comes from its control of a strategically-located hub of the South China Seas oil & gas exploration…

SOLS FOUNDATION82 +60 18-227 4247
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Kami KHIDMAT, DIDIK & PERKASA masyarakat B40 | We serve, educate & empower the Bottom 40%

KONPRO GROUP14 +60 3-5633 3112
info@konpro-group.com

KONPRO was established in 1970 to provide consultancy and project management services in engineering and process design for agro-based industries such as oil palm, rubber and other tree crops. Over the years it diversified its interests and specialties into palm oil plantations, engineering, project management and consultancy services, logistics and industrial development, and renewable energy. Partners and clients include governments, government entities, multinationals, private companies as well as international agencies such as the United Nations, World Bank and Asian Development Bank. Through this extensive network, it has completed projects across 30 countries with collaborations in Europe, Africa and Australasia. Today, the 40 year old diversified KONPRO group operates through its 4 main core subsidiaries and associates. The Consultancy & Engineering division provides a full range of multi-disciplinary engineering, project management & consultancy services. The Industria…

JENTAYU SUSTAINABLES BERHAD56 +60 3-9212 7878
hr@jentayu-sustainables.com

We are a sustainable energy solution provider, leveraging on renewables, clean and green technologies.

TNB INTEGRATED LEARNING SOLUTION - ILSAS122 +60 3-8922 7222
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TNB Integrated Learning Solution - ILSAS is a one-stop energy learning, advisory, services and consultancy center based in Putrajaya, Malaysia. ILSAS was first established in 1978 as a part of capacity building for the nation, specifically for the power sector under Tenaga Nasional Berhad (TNB). ILSAS currently trains about 40,000 people annually and has an end-to-end range of programs for the entire energy industry: power production, renewable energy, transmission and grid, substations, lines and cables, meters, customer management, asset management, business innovation and many others. We train all levels of the industry from young apprentices and technicians to engineers and senior management of the energy industry. Our customers include Tenaga Nasional (TNB), Sabah Electricity, Sarawak Energy, Petronas, Shell, Technip, MISC, AEON, Tesco, TNB Manjung Power Plant, Kapar Energy Ventures, EGAT (Thailand power utility), EVN (Vietnam power utility), Muscat Electric Distribution Company …

ERS ENERGY SDN BHD171 +60 7-361 1468
info@ers.my

At ERS Energy, we pride ourselves in delivering the latest technological advancements and knowledge in the field of Efficient and Renewable Energy. We believe that our efforts have a direct impact on the sustainability of the environment and to the preservation of our lifestyle. Our philosophy is to live in harmony with our surroundings while maintaining the high standard of living that we enjoy every day but without damaging our fragile and important ecosystem. Through the combination of efficient energy applications and renewable energy in the form of solar PV systems, we are able to further increase the effectiveness and efficiency of our solutions. To achieve this, we have engaged in smart partnerships with various companies to provide the best combination of expertise under one roof. In doing so, we are able to offer a seamless flow from design to implementation reducing the complications that arise from dealing with multiple parties keeping our customers at ease.

RENEUCO BERHAD (FORMERLY KNOWN AS KPOWER BERHAD)57 +60 3-6203 2929
enquiry@reneuco.com

Reneuco Berhad (“Reneuco” or the “Company”) is mainly involved in sustainable energy and utilities activities. Reneuco was incorporated on 3 February 1997 and listed on the Second Board of Bursa Malaysia Securities Berhad on 22 March 2002. Reneuco was subsequently transferred to the Main Market of Bursa Securities in 2009. Reneuco was included in the FTSE Bursa Malaysia EMAS (FBM EMAS) Index in July 2021. Reneucos sustainable energy and utilities segment involves construction related activities and specialised engineering services that are spread over various projects locally and abroad. The construction related activities segment undertaken by the Company consists of engineering, procurement, construction and commissioning of sustainable energy and utilities projects. Under the construction related activities, Reneuco has now embarked into asset ownership of solar and small hydro power projects. Reneuco has won a bid for a 50 MW solar power plant under LSS4@MEnTARI in Pekan, Pahan…

ASIA M&E ENGINEERING SDN BHD3 +60 19-239 9566
asia@asiagroup.my

Asia Group Of Companies is wholly owned by Malaysian. Our dynamic and energetic companies are operated by professionals with years of vast experience in Power Plant Industries and experts in technical knowledge of all kind of Energy Products and Services. Asia Group offers fast track complete quality packages majoring in the scope of EPCC, Operation and Maintenance of Renewable Energy Power Plant and Cogeneration Power Plant. We provide total energy solutions combined with after sales services such Spare Parts, Trainings and Consultancy to our trusted business partners and customers. Asia Group promotes energy efficiency, higher productivity and qualities in all its activities. Our desire to increase the value of our products is based on continuous technological innovation and our competence.

ORASKO TRADING SDN BHD32 +60 3-5569 6177
info@orasko.com

Orasko Trading Sdn. Bhd. was established in 1997, and is a registered Bumiputera supplier & contractor with the Ministry of Finance Malaysia, as well as Tenaga Nasional Berhad (TNB) and the Construction Industry Development Board (CIDB) Malaysia. At Orasko Trading, our teams of dedicated people have extensive experience in Electrical Power Engineering, computer software, hardware and peripherals, Project Management, Design and Engineering, Renewable Energy installation and development as well as trading of various equipment and accessories. Orasko Trading is able to draw expertise through companies associated with its Directors in Malaysia and representatives overseas to provide complete system packages for design, manufacture and/or construct, installation, commissioning and testing of a variety of electrical power systems.

SAMAIDEN GROUP81 +60 3-6150 7941
project@samaiden.com.my

SAMAIDEN is an Engineering, Procurement, Construction and Commissioning (EPCC) solutions provider for Renewable Energy (RE) projects that inclusive of solar photovoltaic (PV) systems and power plants. We have in-house technical expertise to provide RE and environmental consulting services as well as Operation and Maintenance (O&M) services. We aim to provide cleaner and more affordable solutions that suit your application in order for you to reap the benefits of renewable energy in a truly hassle-free manner – from beginning to end

MINCONSULT SDN BHD516 +60 3-7952 5757
bizdev@minconsult.com

Representing excellence in engineering since inception, Minconsult Sdn Bhd has grown nationally and internationally since 1962. The continuing and extensive development of expertise, innovation and efficiency, enables and fortifies our stature as a leading multi-disciplinary consultancy practice. Minconsult is about the delivery of exceptional value through engineering excellence. Minconsult seeks candidates who share our commitment to practising and furthering professional excellence generally. Qualified candidates will join our talented teams to add value to work environment and projects, to advance international and local profile. Minconsult is committed to creating conducive environments for employees to develop their potential beyond expectation, with rewards based on merit and performance. In addition to attractive remuneration packages, successful candidates can look forward to other performance related incentives and ample opportunities for overseas exposure and promotion…

IRAYA ENERGIES20 +60 3-2386 7741
info@irayaenergies.com

Machine Learning in Geoscience Artificial Intelligence Earth Image Subsurface AI Geology and Geophysics AI in Earth Exploration DeepTech SouthEast Asia

INVEST ENERGY GROUP8 +60 3-5633 4088
info@investenergygroup.com

Invest Energy is a leading pure play energy asset manager and developer investing in innovative, reliable, and proven total energy solutions with a focus on Clean Energy, Renewable Energy & Energy Efficiency infrastructure and services sectors. We develop, build, operate, own and maintain clean, efficient and sustainable energy facilities and solutions focusing on clean power generation and energy efficient technologies. Over the last decade, Invest Energy has won multiple awards for complex and unique clean energy projects. Our organizations ability to undertake exploration and exploitation technologies and techniques help us adapt with changing times and industry innovations. Invest Energy Group is headquartered in Kuala Lumpur, Malaysia with offices in Singapore and Thailand.

AZMI & ASSOCIATES201 +60 3-2118 5018
mooengthing@azmilaw.com

Azmi & Associates is a full-service corporate law firm whose main office is based in the heart of Kuala Lumpurs Golden Triangle. We act as a cost-effective one-stop centre to provide legal support for your corporate objectives, from conception to completion. Our resources extend globally due to the strength of our international alliances. Azmi & Associates participates actively in the TerraLex network of law firms (based in Florida, USA and comprising 23,000 lawyers across more than 150 jurisdictions), with whom we work closely. We are a member in First Law International (based in Europe). This means that we can mobilise resources quickly to serve your business interests within and outside of Malaysia. The innovative work and responsive service of our commercially savvy lawyers in domestic and cross-border transactions have garnered accolades and gained global recognition on international law directory listings and publications, such as The Legal 500, Asian Legal Business, Chambers …

HNG CAPITAL56 +60 4-229 2333
info@hngcapital.com

HNG Capital Overview - Growing from Strength to Strength HNG Capital was incorporated in year 2011 to undertake the privatization of Leader Universal holdings Berhad (“Leader Group), a group with an enduring history of approximately 40 years, and founded by Tan Sri Dato Seri Hng Bok San. The privatization exercise was successfully completed in May 2012. LEADER Groups history dated back to year 1976 when its founders founded Leader Cable Industry Berhad, a cable manufacturing company. Since then, the Group has grown from strength to strength and in 1988, the Group undertook a merger and reverse takeover exercise involving the then listed Universal Cable (M) Berhad. This led to the eventual formation and listing of Leader Universal Holdings Berhad on the Bursa Malaysia Securities Berhad. Pursuant to the privatization, HNG Capital had undertaken a string of corporate exercises that included the disposal of investment holdings in Leader Cable Industry Berhad and Universal Cable (M) Be…

Top Renewable Energy Companies in Malaysia

Key Statistics from 2022

In 2022, the Renewable Energy Industry in Malaysia had a GDP contribution of 1.1%, which is an increase from 0.9% in 2021. The industry also contributed significantly to the employment sector, providing jobs for approximately 20,000 people. Additionally, the industry's renewable energy capacity grew by 15% to reach 1.8 GW, with the primary sources being solar and hydropower.

Factors Contributing to Its Growth and Success

The Renewable Energy Industry in Malaysia has experienced consistent growth over the years, thanks to various factors contributing to its success. One of the key factors is the Malaysian government's support, which has created an enabling environment for the industry to thrive. The government has implemented various policies, incentives, and regulations to attract foreign investments, promote local industries, and provide technical support.

The Malaysian government has also established several institutions to support the industry, including the Sustainable Energy Development Authority (SEDA), which provides information and assistance to investors, and the Malaysian Green Technology Corporation (MGTC), which offers training and consultancy services to enhance productivity.

Each Industry's Growth and Comparison to the Previous Years

The Renewable Energy Industry in Malaysia is composed of several sub-industries, including solar power, wind power, and biomass energy. In 2022, the solar power industry saw significant growth, with a 20% increase in renewable energy capacity, primarily driven by the increasing demand for renewable energy and the decreasing cost of solar panels. The wind power industry also recorded growth, with a 10% increase in renewable energy capacity, mainly due to the government's efforts to diversify the energy mix.

The biomass energy sub-industry experienced a decline of 5% in renewable energy capacity due to the declining availability of biomass resources. However, the industry is expected to rebound in the coming years as the government implements policies to promote sustainable biomass resource management.

Key Trends Including Technological Disruptions

The Renewable Energy Industry in Malaysia is constantly evolving, and technological advancements are a key trend in the sector. The industry is leveraging emerging technologies such as artificial intelligence, blockchain, and the Internet of Things (IoT) to enhance energy management, reduce costs, and improve efficiency.

The use of artificial intelligence technology has led to the development of smart energy systems that can optimize energy generation and distribution, while blockchain technology can enhance energy trading and enable peer-to-peer energy exchange. Additionally, the use of IoT has led to the development of smart grid systems that can monitor energy consumption and optimize energy usage.

Challenges

Despite the Renewable Energy Industry's success, it faces various challenges that could hinder its growth. One of the significant challenges is the intermittent nature of renewable energy sources, which can lead to instability in the energy grid. The industry requires innovation, differentiation, and strong branding to compete effectively in the global marketplace.

Another challenge facing the industry is the impact of the global pandemic, which has disrupted supply chains, affected demand, and led to a decline in production output. The industry is, however, expected to rebound in the coming years as the global economy recovers.

Future Outlook

Looking to the future, the Renewable Energy Industry in Malaysia is poised for growth, driven by increasing demand for sustainable and affordable energy, and the adoption of emerging technologies. The industry is also expected to continue leveraging digital transformation to enhance efficiency, reduce costs, and improve product quality.

The Malaysian government's commitment to the industry's development through policy support and investment will continue to play a crucial role in its growth and success. Additionally, the industry's participation in international trade exhibitions and partnerships with foreign companies will provide opportunities for global exposure and increased investment.

Conclusion

In conclusion, the Renewable Energy Industry in Malaysia is a vital sector of the country's economy, contributing significantly to its GDP and employment. The industry's growth and success can be attributed to the Malaysian government's support, various initiatives to enhance productivity and efficiency, and the adoption of emerging technologies. The sector faces challenges, such as intermittency of renewable energy sources and the impact of the global pandemic, but with continued support and investment, it is poised for growth and success in the coming years.

As the industry evolves, companies must adapt and embrace technological advancements, address sustainability concerns, and leverage digital transformation to stay competitive in a rapidly evolving global marketplace. The adoption of emerging technologies such as artificial intelligence and blockchain, and the increasing use of renewable energy sources, will provide significant opportunities for the industry's growth and development. Overall, the Renewable Energy Industry in Malaysia is a dynamic and evolving sector that is poised for continued growth and success in the coming years.

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By Melissa Goh
Published on 22 May 2023