KUALA LUMPUR, Sept. 5 (Xinhua) -- Analysts have remained positive on Malaysia's renewable energy outlook, after the government announced the long-awaited large-scale solar project results and reduced renewable energy access rates.

CGS International said in a recent note that the Malaysian government's steady and timely delivery of National Energy Transition Roadmap (NETR) initiatives should strengthen investor confidence around the country's energy transition ambitions.

Meanwhile, Maybank Investment Bank has on Thursday reiterated its positive call on Malaysia's renewable energy sector, driven by supportive policy reforms and an accelerating project pipeline.

The research house noted that the recent solar rate cut enhances corporate renewable energy competitiveness, likely spurring uptake among large power consumers, particularly data centers.

MBSB Research also said in a note on Thursday that it maintained its positive stance on Malaysia's renewable energy subsector, underpinned by the structural policy tailwinds for a deep decarbonization trajectory in line with the targets under NETR.

"We view that solar remains a multi-year growth engine, on top of the incoming battery energy storage system requirements, which will benefit engineering, procurement, construction, and commissioning players," said the research house. ■