KUALA LUMPUR, Malaysia – September 15, 2022
– Clean energy solutions provider Gentari Sdn Bhd (GENTARI)
was officially launched today by Malaysian Prime Minister
Dato’ Sri Ismail Sabri Yaakob following a brand
introduction in June. The entity, wholly owned by PETRONAS, aims
to become a one-stop integrated clean energy solutions provider,
beginning with a suite of renewable energy, hydrogen and green
mobility solutions for commercial, industrial, and retail
customers.
Leading up to its official launch, GENTARI
has already embarked upon a series of initiatives and
collaborations in its mission to rank amongst the world’s
leading clean energy companies. GENTARI aims to differentiate
itself from the competition through an integrated model, which
seeks to fulfil multiple aspects of each customer’s needs
through a portfolio of net zero solutions that cut across the
electron value chain, by partnering them to remove hurdles in the
journey towards net zero.
While it will secure support
from PETRONAS during its growth phase, GENTARI will operate as an
independently managed entity and will seek financing opportunities
to accelerate its growth in order to both meet existing demands
and explore emerging energy technologies.
Chairman of
GENTARI, Datuk Tengku Muhammad Taufik said:
“Since
our announcement earlier this year, GENTARI has been making steady
progress in its efforts to supply lower carbon energy and help its
customers both in Malaysia and beyond to reduce their carbon
emissions. This was delivered by providing affordable and
accessible solutions and systems, enabled by scale of production
and infrastructure. As we work towards realising GENTARI’s
aspirations, we also hope to significantly contribute towards
national renewable energy goals by helping our local customers
transition to cleaner energy sources.”
The
Twelfth Malaysia Plan 2021-2025 targets for 31% of
Malaysia’s total installed energy capacity to be renewable
by 2025, while the Malaysia Renewable Energy Roadmap targets to
achieve 40% renewable energy by 2035.
GENTARI’s suite
of renewable energy, hydrogen and green mobility solutions will be
spread across a mix of local, regional and international projects,
addressing customer demand and opportunities on the ground.
In
Renewable Energy, GENTARI will build an overall
energy capacity of 30-40 GW in key markets by 2030, through
utility-scale projects across solar, onshore and offshore wind,
and battery storage, targeting commercial, industrial, and retail
customers. To date, GENTARI already has 1.1 GWp of renewable
energy capacity in operations and under development globally.
GENTARI is also playing a critical role in PETRONAS’
decarbonisation efforts groupwide, which include Malaysia’s
largest single solar rooftop installation (7.4 MWp) recently at
Universiti Teknologi PETRONAS, and solar rooftop installations
currently underway at some 60 PETRONAS stations.
For
Hydrogen, GENTARI targets to offer
cost-competitive low carbon hydrogen solutions via a comprehensive
global supply network for both export and domestic demand, with an
aspiration to produce up to 1.2 mtpa of clean hydrogen by 2030.
This segment will target industrial, power and transportation
customers, particularly the early adopters. To date, GENTARI has
already signed 12 Memoranda of Understanding with international
partners for project development in Malaysia, India and the Middle
East as well as customers in East Asia, covering initiatives to
explore the development of green hydrogen projects and its
transportation, advocacy on policy and regulations to support the
hydrogen industry, and studies on a low-carbon ammonia supply
chain, amongst others.
GENTARI’s
Green Mobility commitments include supporting the
electric vehicle (EV) ecosystem by capturing 10% market share. To
deliver this, it is estimated GENTARI will need to pursue the
delivery of 25,000 public charging points across key markets in
Asia Pacific by 2030, with a mid-term target of up to 9,000 public
charging points by 2026, anchoring its presence in Malaysia and
India. It is also offering Vehicle-as-a-Service (VaaS) solutions
starting with Light-duty Electric Vehicles, as well as value-added
services such as digital platforms, data analytics and
advertising. Currently, GENTARI has already installed more than
190 charging points, and delivered a mix of over 250 electric
two-wheelers and three-wheelers as part of its green mobility
fleet in India and Malaysia. Through the VaaS offering in India,
GENTARI has achieved 1,000,000 clean kilometres, equivalent to
83.4 tonnes of CO2 emissions reduction.
In
supporting PETRONAS’ groupwide decarbonisation efforts
through an integrated model, GENTARI has recently signed a
memorandum of understanding with PETRONAS Refinery and
Petrochemical Corporation Sdn Bhd to collaborate on introducing a
Zero Emissions vehicle fleet supported by EV charging points, and
exploring the potential for hydrogen fuel cell vehicles at the
Pengerang Integrated Complex, one of the biggest integrated
petrochemical facilities in the region. A 4 MWp rooftop solar
installation has already been completed, while the commissioning
of a 40 MWp ground-mounted solar installation is currently
underway in Pengerang.