KUALA LUMPUR : Gentari, the clean energy arm of Malaysia's state oil firm Petronas, sees India and Australia as its key markets for growth and expects to tap more financing to meet its ambitious targets, its chief executive told Reuters.
Both countries have provided the right policies to facilitate projects, while Malaysia also has a lot of potential, he said, adding growth could come from acquisitions and organically. Petronas, like other oil majors, is ramping up investments in clean energy as part of its net zero carbon emissions goals.
Last month, Gentari purchased Australian renewables firm Wirsol Energy, which has solar and battery energy storage systems. Gentari declined to disclose the price of the purchase, but one source put the enterprise value of the deal at A$1 billion.
Source: Energy Industry News (energyindustrynews.net)
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