Lack of local company participation in renewable energy

Malaysia has enormous potential in the renewable energy sector but unfortunately there is a lack of participation by local companies, said economist Prof Jomo Kwame Sundaram. He said although Malaysia was the largest solar panel exporter to the United States, most of the participants in the market were foreign companies based in Malaysia. “The whole world is concerned about global warming and the energy sector has a huge potential to grow. Unfortunately, we do not have many local companies that are involved in green energy yet. “We need to start incubating our local industries to be internationally competitive and the fundamentals are already there. It is not that we have to map it from scratch,” he told reporters here today after a panel discussion organised by Khazanah Research Institute.

Spotlight

Spotlight

Related News