KUALA LUMPUR, 16 June 2022:
Petronas has cemented its commitment to clean energy sourcing and supply via newly-established, wholly-owned subsidiary Gentari Sdn Bhd.
In a statement, Petronas said Gentari – combining the English word generation and the Bahasa Melayu word of lestari (sustainable) – will independently pursue and deliver integrated sustainable energy solutions, and to capture opportunities in the energy transition.
“The new entity aims to deliver a suite of renewable energy, hydrogen and green mobility solutions that are safe, responsible, cost-optimised, and emissions-abated by applying an integrated approach across the clean energy value chain for customers globally. “
It is aiming to achieve by 2030:
- renewable energy capacity of 30-40 GW, specifically in solar with added opportunities in wind and battery storage;
- supply up to 1.2 mtpa of hydrogen by leveraging competencies in developing large projects to achieve scale as a low carbon hydrogen producer beginning with projects in Malaysia; and
- become a preferred green mobility solutions provider, supporting the electric vehicle ecosystem by capturing 10% market share (circa 25,000 charging points based on current estimates) across key markets in Asia Pacific with an anchored presence in Malaysia and India.
Chairman Datuk Tengku Muhammad Taufik said: “Gentari will benefit from the immediate capacity and resources to pursue clean energy at an industrial scale, starting with Malaysia and Asia Pacific.”
Gentari’s existing assets, obtained from Petronas, include:
over 1 GWp of solar capacity in India and Malaysia;
a pipeline of clean hydrogen projects being developed in Malaysia and other prioritised markets together with partners; the first of these projects is targeted to come onstream in 2025; and
over 220 electric vehicles under the Vehicle-as-a-Service model as well as scaling the existing network of some 170 charge points in India and Malaysia.