The global renewable energy landscape experienced a jolt recently as the United States announced import duties of up to 3,521% on solar panels from Southeast Asia, including Malaysia. While this news has raised concerns across the region, Malaysia’s solar industry stands firm.

In a recent interview with Astro Awani, Ko Chuan Zhen, Group CEO of Plus Xnergy, shared his perspective on how this development affects the local market, and why Malaysia remains on track to achieve its renewable energy targets under the National Energy Transition Roadmap (NETR).

Why Malaysia Isn’t Directly Affected

The tariffs imposed by the U.S. government primarily target solar panel manufacturing and exports — areas dominated by upstream players. Malaysia, however, has evolved as a key downstream market player, focusing on:

• Engineering, Procurement, and Construction (EPC)
• Solar project development
• Clean energy solutions for commercial, industrial, and residential sectors

“These import duties do not derail our progress,” said Ko. “Malaysian companies, including Plus Xnergy, are focused on delivering value through local clean energy solutions, not exports.”

Strong Local Demand Backed by Government Policy

Ko emphasized that Malaysia’s solar sector remains resilient and robust, driven by local policies such as NETR, which outlines the nation’s goal to reach 70% renewable energy in the energy mix by 2050.

Government-led programs such as Net Energy Metering (NEM), Self-Consumption (SELCO), The Corporate Renewable Energy Supply Scheme (CRESS) and Large Scale Solar (LSS), along with incentives like SolaRIS and Green Investment Tax Allowance (GITA) for residential and commercial and industrial solar adoption, continue to fuel domestic demand and position Malaysia as a clean energy leader in Southeast Asia.

What This Means for Malaysia’s Clean Energy Journey

With increasing attention on energy security, rising electricity tariffs, and growing corporate ESG commitments, Malaysia is set to attract even more foreign direct investments (FDI) from global businesses seeking sustainable operations.

“Clean energy is no longer a future consideration—it’s a current necessity,” Ko noted. “Plus Xnergy is committed to energising a net-zero future that positively impacts lives.”

Looking Ahead

As the world reacts to shifting trade dynamics, Malaysia’s solar path is becoming clearer. Supported by policy, powered by innovation, and driven by demand — the local clean energy movement continues to gain momentum.

📺 Watch the full Astro Awani interview here
🔗 Learn more about how we’re helping businesses and homes embrace clean energy: here

About Plus Xnergy
Founded in 2012, Plus Xnergy provides clean energy solutions for commercial, industrial, residential and LSS projects including solar farms in Kedah, Perlis, Perak, and Selangor.

Through Xnergy Ecosystem, which consist of Energy Generation, Energy Intelligence and Energy Storage, it has built a strong presence in Malaysia with nationwide footprint of over 427 MWp of grid-connected solar photovoltaic (PV) system solutions, which generated 2,204 GWh in clean energy and smart energy solutions that span over 50+ industries. Among Plus Xnergy's clients are IKEA, Lotus's Group, TF Value Mart, Lam Research, Keysight, UWC, PKT Logistic, BOH Tea, IKEA, Asadi, Spritzer, Secret Recipe, Sunway, DHL Express, Sony, Quayside Mall and more. 

In year 2021, Plus Xnergy established a joint venture company with Yinson Holding as Solar Asset Developer in providing the solar financing model under the Private Purchase Agreement (PPA) programme that enable businesses to enjoy solar saving at zero capax model, such as Keysight, Panasonic Automotive, LH Plus, Hershey and more.

In 2024, Plus Xnergy officially merge and became part of BM Greentech Berhad (52.6% owned by QL Resources Bhd.), marking a significant milestone in the renewable energy sector. With BM Greentech’s financial strength and extended regional reach, Plus Xnergy is now positioned to scale its impact, accelerating the clean energy transition and meeting the rising demand for sustainable infrastructure for Malaysia and Southeast Asia.