On June 17th, the "2025 Asian Energy Forum" opened in Kuala Lumpur. Petronas CEO Taufik announced that if Asia wants to achieve net zero emissions by 2050, it will need to invest at least $88.7 trillion in energy funds, covering both traditional energy transformation and renewable energy system construction.

The forum focuses on achieving energy transformation in Asia and features over 50 strategic dialogues, with a focus on topics such as energy transformation, geopolitics, and sustainable development. According to data from the International Energy Agency, global energy demand will increase by 2.2% year-on-year in 2024, and carbon emissions will reach a new high of 37.8 billion tons. Asia, as the core of global energy demand and the main driver of carbon emissions, faces both transformation pressure and opportunities.

Key areas of bidding

Renewable energy development: Southeast Asia has abundant wind, hydropower, solar, and geothermal resources, but will only receive 2% of global clean energy investment in 2023, urgently requiring capital injection.

Power grid upgrade and technological innovation: Malaysia's national power company plans to invest 43 billion ringgit, approximately 72.8 billion yuan, to upgrade the power grid and build a new energy system combining AI and energy storage technology.

Carbon Capture and Storage: Petronas Malaysia is leading the development of three major offshore CCS centers and collaborating with new legislation to promote the implementation of emission reduction technologies.

Collaboration requirements

Bidders must have mature experience in the energy field and provide innovative technologies or financial solutions.

Prioritize supporting regional joint projects and strengthening the resilience of the energy supply chain.

Background Description

Geopolitical conflicts, such as the Strait of Hormuz crisis, exacerbate energy market volatility, and the forum calls for multilateral cooperation to reduce risks. Malaysia has launched the Corporate Renewable Energy Procurement Scheme (CRESS) and Green Technology Financing Mechanism to provide policy support for investors.(This article is from the official website of Jian Dao www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website strategy column editor/Yang Beihua