Malaysia's Solar Industry Unscathed by New US Tariffs, Trade Group Assures
The Malaysian solar industry is poised to remain unaffected by the recent US tariffs imposed on solar panels manufactured in Southeast Asia, according to a local trade group. The factories in Malaysia that are affected by the tariffs are expected to experience minimal impact, as they primarily cater to the domestic market. With the Malaysian government's ongoing efforts to boost renewable energy adoption, the solar industry is likely to continue thriving. The trade group's assurance is a welcome relief for industry stakeholders, who have been concerned about the potential fallout from the US tariffs. As Malaysia aims to increase its solar energy capacity, the country's solar industry is expected to remain resilient, driven by growing demand for clean energy solutions and solar panel installations. Key players in the industry are now focusing on exploring new opportunities in the solar sector, including solar panel manufacturing and solar farm development.