Malaysian palm oil producer turns to solar for steadier income

Commodities Malaysian palm oil producer turns to solar for steadier income IOI Group has been working with state utility, eyes more deals A worker cuts down an oil palm bunch at a plantation in Malaysia. Such sites have a production cycle of about 25 years. © Reuters NORMAN GOH November 6, 2026 14:38 JST KUALA LUMPUR -- A major Malaysian palm oil producer is planning to use some of its roughly 1,700 square kilometers of plantation for solar energy projects, as it pushes to generate steadier income and capitalize on growing demand for renewable power. Read Next Big in Asia Singapore haze crackdown tests legal reach and regional ties International relations Indonesia-Singapore spats escalate over haze, energy, MSCI Fires Indonesia fires and haze cause more than 5,200 deaths, study says Commodities Palm oil prices to stay high next year on Southeast Asia drought ASEAN Money Singapore's climate tech startups ride government's green energy ambitions Trade Malaysia targets June 2027 signing of EU trade deal Latest on Commodities Commodities India's gold imports down 81%; global prices could be impacted Commodities Australia's Woodside to exit long-stalled Timor gas project Commodities Brent crude jumps to highest since April on Houthi attacks, UAE oil spill Sponsored Content About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.