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markets Malaysia

Electricity tariffs for commercial & industrial segment has been increasing around 4% (annualized) since 2006, pushing up costs for businesses. Solar power can help you hedge against this inflation and give you an edge over your competitions. Reach out to us to find out more about our Zero Capex solution.

TotalEnergies has a nationwide footprint in Malaysia

Key figures

  • Present since 1985
  • 50% of the solar cells produced worldwide by SunPower
  • 100 employees

Local businesses

  • Marketing & Services
  • Refining & chemicals
  • Exploration & production
  • Renewable energies
  • Our solar affiliate SunPower has one of its largest photovoltaic solar cell manufacturing plants (800MW) in Malacca

Iconic Partnership with Petronas

  • Since 2009, TotalEnergies and Petronas have signed agreements to cooperate for exploration of oil fields in Mozambique, Iraq, Brunei, Australia and Malaysia. In January 2014, a partnership was signed for exploration and production of a Malaysian offshore field located in the Sarawak offshore at a water depth of 1,000 to 2,000m. TotalEnergies’s LNG Trading Office is also in regular contact with Petronas to study spot opportunities and short-term transactions in Asia.

Malaysia’s Energy Sector Overview

Installed Power Capacity

  • Electricity demand growth forecast: 4 – 5%
  • Electrification rate : 98.22% (2014)
  • Interconnection with Singapore and Thailand, electricity trade is limited to 75GWh of imports and 45GWh of exports.

Electricity Prices, Commercial Users

C1 tariff is 0.365 + 1.6% RE Fund + ICPT (2.55 sen)

  • 0.396 MYR/kWh landed cost
  • Imbalance Cost Pass -Through (ICPT) mechanism allows for TNB to reflect changes in fuel and other generation-related costs in the electricity tariff


Government Lead Initiatives:

  • Renewable Energy Sources targets: Achieving 20% of Renewable Energy (RE) capacity mix by 2025 (excluding large hydro)
  • Carbon reduction target: reduce GHG by 35% by 2030


  • Net-metering category has been divided into 4 categories which are Residential, Commercial, Industrial and Agriculturefocused on businesses, to target 500 MW through 2020. Excess solar PV generated energy exported back to the grid on a “one-on-one” offset basis from Jan 2019 onwards.
  • As subsidies on fossil fuels are scaled back, increasing power prices will benefit solar generation

Project Reference