Energy Storage News•24 days ago
World Bank supports multi-gigawatt cross-border renewable energy project in Malaysia
- •World Bank is investing in a massive 4GW solar and 5.12GWh battery storage complex in Malaysia, representing a significant commitment to large-scale renewable energy infrastructure.
- •The project is a key component of a pan-Southeast Asian power grid initiative, signaling growing opportunities for cross-border power trade and enhanced regional grid stability for developers and large power consumers.
- •World Bank involvement de-risks the project and indicates strong international policy and financial support for multi-gigawatt renewable energy and grid integration, potentially unlocking further investment.
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