KUALA LUMPUR (Nov 23): Malaysia remains the preferred destination in Southeast Asia for investors in the renewable energy (RE) space but Vietnam is another up and coming active market, says TNB Renewables Sdn Bhd managing director Mohd Yusrizal Mohd Yusof. “They have added close to 16 gigawatts (GW) of solar capacity this past two, three years but the main issue with the Vietnam grid system right now is they are facing sort of grid congestion whereby there are developers who are being curtailed with their production. “I believe until the issue is resolved — and we heard that Vietnam Electricity has already planned and allocated capital expenditure for the improvement of its grid system — Malaysia will continue to be the target market within this region,” he said. Mohd Yusrizal was speaking at the “Investment in Renewable Energy – Opportunities and Challenges” panel session in conjunction with Invest Malaysia 2021 Series 4: Renewable Energy – Decarbonising Malaysia, held virtually on Tuesday (Nov 23). Mohd Yusrizal said RE will be the focus of investors going forward, notwithstanding that there are some challenges that needed to be addressed.

Source: The Edge Markets November 23, 2021 17:43 UTC