Malaysia's Semarak RE and PowerChina to Develop Groundbreaking Green Hydrogen Project
- Semarak RE and China Hydropower join forces to develop Malaysia's first large-scale green hydrogen project, utilizing floating photovoltaic power generation. PowerChina will provide expertise and support. Global hydrogen production set to soar by 2030.
Malaysian company Semarak Renewable Energy (RE) and China Hydropower (Malaysia) have signed an agreement to develop Malaysia's first large-scale green hydrogen production project. The project, worth MYR1.88 billion ($398 million), will be located in Perak and will involve the use of floating photovoltaic power generation for green hydrogen production and storage. PowerChina, the subsidiary of China Hydropower, will leverage its expertise in new energy to support Semarak RE in becoming a developer of the green hydrogen energy industry in Malaysia. A recent study by Roland Berger estimates that global hydrogen production will increase to 110 million metric tons per year by 2030, with around 12% of that being green hydrogen produced using renewable energies.
Malaysia's first large-scale green hydrogen project will be developed by Semarak Renewable Energy (RE) and China Hydropower (Malaysia). The MYR1.88 billion ($398 million) project will be located in Perak and will utilize floating photovoltaic power generation for green hydrogen production and storage. PowerChina, the subsidiary of China Hydropower, will provide expertise and support to Semarak RE in becoming a developer of the green hydrogen energy industry in Malaysia. A recent study by Roland Berger predicts that global hydrogen production will increase to 110 million metric tons per year by 2030, with around 12% of that being green hydrogen produced using renewable energies.
What is Malaysia's first large-scale green hydrogen project and who is involved in its development?
- The project is Malaysia's first large-scale green hydrogen production project.
- Semarak Renewable Energy (RE) and China Hydropower (Malaysia) are the companies involved in its development.
- The project is valued at MYR1.88 billion ($398 million).
- It will be located in Perak, Malaysia.
- The project will utilize floating photovoltaic power generation for green hydrogen production and storage.
- PowerChina, the subsidiary of China Hydropower, will provide expertise and support to Semarak RE.
- The goal is for Semarak RE to become a developer of the green hydrogen energy industry in Malaysia.
- A recent study by Roland Berger predicts that global hydrogen production will increase to 110 million metric tons per year by 2030.
- Around 12% of the global hydrogen production by 2030 is expected to be green hydrogen produced using renewable energies.
