Malaysia is lifting a ban on renewable energy exports to develop its clean energy industry and boost power generation from non-fossil fuel sources. Economic Affairs Minister Rafiz Ramli said the ban would help companies build renewable energy generation capacity on a larger scale and take advantage of high demand in neighboring Singapore. Malaysia has pledged to significantly reduce greenhouse gas emissions by 2030 and achieve net zero emissions by 2050. Increasing renewable energy capacity will require an estimated RM637 billion investment by 2050.
Zest Outdoor Media, the world's first green outdoor asset management company, has set a Guinness World Record for the most extensive installation of solar panels on a single billboard. The record was achieved by combining three 40' x 20' billboards into one 60' x 40' billboard with 84 solar panels on the back, generating 60,000 units of renewable energy per year. Zest Outdoor Media will provide more than 300,000 units of solar power to the railroad over the next five years.
Vietnam aims to double its electricity generation by 2030, but has slightly lowered its offshore wind target and will rely heavily on coal until the end of the decade. The target for offshore wind installations in 2030 is set at 6 GW, slightly lower than the 7 GW target included in the draft national power development plan in December. By 2030, hydropower will be the second primary energy source, followed by liquefied natural gas (LNG) and onshore wind. The plan is important to unlock the $15.5 billion green transition fund pledged to Vietnam last December.
Republican state lawmakers and other opponents of offshore wind turbines have called for a 30- to 60-day moratorium to see if it reduces whale deaths. Offshore wind has been approved in New Jersey, but environmental groups have declined to join calls for a moratorium. The federal agency says there is no evidence offshore wind preparations are linked to whale deaths.
Australia's Snowy 2.0 hydropower project is facing delays of up to two years, potentially pushing its start-up until 2028. The delay was due to skilled labor shortages, complex designs, soft ground and supply chain disruptions. The project is expected to add 2,000 megawatts of capacity and store enough energy to power 3 million homes for a week. Construction was suspended in March due to ground collapse.
The Ukrainian government has approved a new strategy for energy development to 2050, which aims to achieve carbon neutrality in the energy sector by 2050. It considers the consequences of the ongoing Russo-Ukrainian war, the consequences of joining the European electricity grid with transmission system operators, and the emergence of the latest technologies in the energy sector. Energy Minister Herman Galushenko said Ukraine aims to increase the share of renewable energy in power generation to 50 percent to strengthen energy security.