June 16 (Renewables Now) – Malaysian oil and gas company Petroliam Nasional Bhd, better known as Petronas, today announced that it has established a new platform that will provide renewable energy solutions, hydrogen and green mobility, and also announced ambitious targets for each segment. by 2030.

Named Gentari Sdn Bhd, the new company will expand Petronas’ clean energy business, previously managed through its New Energy Business. It will initially be active in Malaysia and the Asia-Pacific region.

The start-up will focus on the supply, distribution and retail of clean energy through a portfolio of renewable, mainly solar power plants, whose capacity is expected to reach between 30 GW and 40 GW by the end of the decade. Besides solar, the target portfolio will also include wind and battery storage. Currently, the entity owns over 1 GWp of solar assets in India and Malaysia.

Additionally, Gentari will aim to supply up to 1.2 million tonnes of low-carbon hydrogen per year, starting with projects in its home country. It is already working on a pipeline of projects in Malaysia and “other priority markets” with partners and expects to commission the first batch of projects in 2025, according to the statement.

In the field of electric vehicles (EV), the entity will provide green mobility solutions through an existing network of 170 charging stations in India and Malaysia, seeking to gain a 10% market share in key markets of the ‘Asia Pacific.

Petronas aims to achieve net zero carbon emissions by 2050.

Join the free daily Renewables Now newsletter now!

Previous

Oil painting by Eric Sloane (American, 1905-1985) will headline Shannon's online fine art...

Next

KBR Cloud and Mission Service Business Platform Now Available on FedRAMP Marketplace as FedRAMP Ready

Check Also