Petronas Owned Gentari Targets 40 GW of renewable energy by 2030

The national oil company of Malaysia – Petroliam Nasional Bhd (Petronas) – has announced that the company is aiming to build a Renewable Energy capacity of 30 – 40 GW through its new business unit Gentari by 2030. Petronas informed that the special focus for the renewable energy addition will be on solar power energy.

Gentari will concentrate on supply, distribution and retail of green and clean energy through a network of a wide network of renewable energy projects. The renewable energy generation will also include about 1.2 million tonnes of hydrogen every year. The company also wants to rise as a key green mobility solutions provider.

Petronas has announced that Gentari will heighten the adoption and commercialisation of green energy throughout the world. The RE quest of Gentari will begin with Malaysia and Asia-Pacific region. Petronas has planned goals for each segment of renewable energy.

Datuk Tengku Muhammad Taufik, Chairman of Gentari, informed that the new platform will offer green and clean energy solutions to Malaysia and clients overseas. “We aim to capture opportunities in the low carbon energy space by providing affordable and accessible solutions and systems by enabling scale of production and infrastructure availability,” said Taufik.

Petronas and Renewables

Gentari already has 1GW of solar energy assets based in India, Dubai and Malaysia servicing over 200 customers across more than 400 projects and growing. As far as green mobility is concerned, the entity has already set up 170 electric vehicle charging stations in India and Malaysia. Gentari also targets to capture 10 per cent market share across Asia – Pacific region.

Expansion of Petronas into renewable energy started as early as 2013 from Malaysia. By 2018, this had increased to a total of five assets located across Malaysia and Italy.

In 2019, Petronas acquired Amplus Energy Solutions in India that helped the company to move beyond Malaysia. It also launched its flagship rooftop solar solution, known as M+