Malaysia Extends Full Tax Breaks for Green Projects Through 2030
The Malaysian government announced that green tax incentives will remain in place until the end of 2030, offering up to 100% investment tax allowances for eco-friendly projects and EV charging stations.
During the 2027 Budget session, Prime Minister Datuk Seri Anwar Ibrahim declared that Malaysia will keep its green tax incentives active through 2030, allowing up to 100% investment tax allowances for green projects and electric-vehicle charging infrastructure. The policy also covers firms purchasing green assets for their own operations. Anwar emphasized the need to speed up the country’s energy transition to secure long-term supply stability.
Tenaga Nasional Bhd will spend RM15 billion on grid reinforcement, while UEM Lestra commits RM1 billion to an energy-storage scheme at Kuala Lumpur International Airport and a one-gigawatt hybrid project in Johor. Additionally, the RM1 billion KWAP Climate Fund will be directed toward renewable and decarbonisation projects.
Why it matters
Extending full tax breaks encourages private investment in clean energy, helping Malaysia meet its climate goals and strengthen energy security.
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