Petronas Launches New Clean Energy Firm

Gentari Takes Shape, Aiming To Build Up To 40 GW Renewables Capacity With Focus On Solar & Green Hydrogen By 2030

Petronas Launches New Clean Energy Firm

Gentari has been established by Petronas to pursue clean energy at an industrial scale, starting with Malaysia and Asia Pacific. (Source: Gentari)

  • Petronas has renamed Petronas Gas and New Energy business as Gentari which will be active in the clean and low carbon energy space
  • It will target to build between 30 GW to 40 GW of renewable energy capacity by 2030, with utility scale efforts focused within Malaysia and APAC
  • Renewables capacity will also be deployed to produce up to 1.2 Mtpa green hydrogen annually; clean mobility too is on its mind

Malaysian state owned fully integrated oil and gas major Petronas has a new subsidiary called Gentari Sdn Bhd aiming to build between 30 GW to 40 GW of renewable energy capacity by 2030, along with focusing on green hydrogen and green mobility.

The renewables goal will majorly center around solar with added opportunities in wind and battery storage. Area of focus for utility scale solar and wind will be in Malaysia and Asia Pacific (APAC) with an aim to support green hydrogen aspiration for which the target is to generate up to 1.2 million tons per annum (Mtpa).

It will also explore commercial and industrial (C&I) projects in APAC, while also developing round-the-clock (RTC) energy storage capability. For clean hydrogen, it plans to develop projects in Malaysia, Canada and other competitive geographies.

As for green mobility, Gentari will target to achieve a 10% market share across key APAC markets while positioning itself in the vehicle-as-a-service (VaaS) fleet space.

At present, Gentari owns over 1 GW of solar capacity in India and Malaysia and more than 220 electric vehicles (EV) under the VaaS model. It also claims a pipeline of clean hydrogen projects in Malaysia and other priority markets with partners. Initial projects are to come online in 2025.

A tweak of the word generation mixed with local Malaysian word Lestari meaning sustainable, Gentari is a makeover for Petronas Gas and New Energy Sdn Bhd, according to its website.

“Elevating the progress that Petronas has achieved to date under its existing New Energy Business and building on partnerships with next generation energy and technology providers, Gentari will benefit from the immediate capacity and resources to pursue clean energy at an industrial scale, starting with Malaysia and Asia Pacific,” said Gentari Chairman Datuk Tengku Muhammad Taufik.

In March 2021, Petronas and Masdar said they will jointly explore utility scale renewable energy projects including floating solar in Asia and beyond (see Masdar & Malaysia’s Petronas Join Hands For RE).

About The Author

Anu Bhambhani

SENIOR NEWS EDITOR Anu is our solar news whirlwind. At TaiyangNews, she covers everything that is of importance in the world of solar power. In the past 9 years that she has been associated with TaiyangNews, she has covered over thousands of stories, and analysis pieces on markets, technology, financials, and more on a daily basis. She also hosts TaiyangNews Conferences and Webinars. Prior to joining TaiyangNews, Anu reported on sustainability, management, and education for leading print dailies in India. [email protected]

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