Malaysia Solar Market to Hit MYR 5.04 Billion in 2026 as LSS6 Adds 2,500 MW
Updated
Updated · The National Law Review · Aug 17
Malaysia Solar Market to Hit MYR 5.04 Billion in 2026 as LSS6 Adds 2,500 MW
1 articles · Updated · The National Law Review · Aug 17
Summary
MYR 5.04 billion in 2026 revenue is forecast for Malaysia's solar market, marking a shift from pure capacity growth toward more infrastructure-heavy solar-plus-storage investment.
LSS6 is the main catalyst, pairing 2,500 MW of solar with 1,250 MW of battery storage and a separate 150 MW allocation, with expected private investment of RM13 billion to RM15 billion.
Installed solar capacity climbed to 5,777 MW in 2025 from 4,329 MW in 2024, while annual additions rose to 1,448 MW, increasing pressure for grid flexibility and storage deployment.
Battery and corporate power demand are widening the pipeline, including the 100 MW/400 MWh Santong BESS, DayOne's 1.5 GWp solar and 2.2 GWh storage agreements, and new 690 MWp and 300 MWac solar projects.
By 2030, electricity use is projected near 200 TWh and solar's share around 14%, with cross-border trade also emerging after Singapore conditionally approved 900 MW of imports from Johor-based solar and battery projects.
As data centers devour clean energy, can Malaysia's untested solar-plus-storage model truly guarantee the round-the-clock power hyperscalers demand?
Will exporting massive amounts of green electricity to Singapore threaten Malaysia's ability to meet its own aggressive 2050 domestic clean energy targets?