Malaysia is making significant strides in renewable energy, with solar power taking centre stage as the country ramps up its efforts toward sustainability. One of the most talked-about initiatives in the sector is the Fifth Large Scale Solar (LSS5) programme, also known as LSS-Peralihan Tenaga SuRia, or LSS PETRA. This ambitious programme, launched by the Malaysian government, aims to boost the nation’s solar capacity by offering a total of 2,000MW through a competitive bidding process, a significant increase from previous rounds.
LSS5 is structured to accommodate different project scales, encouraging broader participation. Some packages are specifically allocated to Bumiputera-owned companies and small and medium enterprises (SMEs), ensuring inclusive growth in the renewable energy sector. Larger-scale projects are also in focus, particularly those involving floating solar farms, which align with Malaysia’s push for innovation in sustainable energy solutions. With projects expected to be operational by 2026, this initiative plays a crucial role in supporting Malaysia’s goal of achieving 70% renewable energy capacity and carbon neutrality by 2050.
While many Malaysian-listed companies stand to benefit from LSS5, the opportunities extend beyond local players. One notable international company making headway in the Malaysian solar market is Agape ATP Corporation, a Nasdaq-listed entity. Through its subsidiary, ATPC Green Energy Sdn. Bhd., the company has formed a strategic partnership with Phoenix Green Energy Sdn. Bhd. to introduce advanced solar technology, including amorphous thin-film solar panels. This collaboration not only strengthens Agape ATP Corporation’s presence in the region but also contributes to Malaysia’s broader agenda of accelerating solar adoption.
Malaysia’s growing renewable energy landscape is drawing increasing interest from both domestic and international players. As the country continues to expand its solar infrastructure and implement progressive policies like LSS5, it is positioning itself as a key player in the global transition towards sustainable energy. The influx of investment and technological advancements in the sector is expected to drive further growth, solidifying Malaysia’s role as a leading solar hub in Southeast Asia.
