KUALA LUMPUR, Malaysia – June 16, 2022
– PETRONAS today introduced Gentari Sdn. Bhd.
(“GENTARI”) to accelerate the adoption and
commercialisation of clean energy. 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.
Chairman of GENTARI,
Datuk Tengku Muhammad Taufik said: “GENTARI will offer
cleaner energy solutions to meet the energy needs and lower carbon
aspirations of Malaysia and its customers at home and abroad. With
a dedicated team focusing on the supply, distribution, and retail
of cleaner energy, 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.”
“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.
We look forward to meeting the energy requirements of today and
the future with cleaner energy solutions that fuel progress in a
just and sustainable manner.”
In its rollout, by
2030, GENTARI aspires to:
• build a 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 (EV) 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.
GENTARI will be accorded the independence to
focus on innovating and delivering clean energy solutions, while
seeking financing opportunities to grow the business faster to
meet existing demands and explore emerging energy technologies.
GENTARI
takes its name from the shortened combination of the English word
generation or to generate and the Bahasa Melayu word of lestari,
which means ‘sustainable’. Together the words
capture the essence of GENTARI’s purpose to provide the
world with sustainably generated and responsibly sourced energy
that allows society to change how it lives today and progress into
the future.
Its clean energy assets and projects today
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 (VaaS) model as
well as scaling the existing network of some 170 charge points in
India and Malaysia.
With already available solutions in
its portfolio, GENTARI is committed to making the journey to net
zero more feasible for its customers, while growing the overall
market for clean energy by investing and innovating with
like-minded partners to achieve greater results.