Gentari, the recently launched clean energy arm of Malaysian NOC Petronas, has outlined plans to expand its renewables, clean hydrogen and electric vehicle (EV)-charging portfolio rapidly across key Asia Pacific markets by 2030.

The company, which will be supported by its parent Petronas during its growth phase, also plans to explore emerging energy technologies as part of its strategy to become one of the world’s leading clean energy players, it said in a strategy update issued at its official launch last week by Malaysian prime minister Ismail Sabri Yaakob.

Gentari aims to install 30-40GW of renewable power capacity by 2030. To date, it has 1.1GW of capacity in operation and under development globally.

30-40GW – Target for renewables capacity by 2030

“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,” says company chair Muhammad Taufik.

The Malaysian government has set challenging targets for the buildout of renewables. The 12th Malaysia Plan, covering 2021-25, calls for 31pc of the country’s total installed energy capacity to come from renewables by 2025. The Malaysia Renewable Energy Roadmap targets 40pc renewable energy by 2035.

Gentari also has ambitious plans for clean hydrogen production, aimed at both exports and the domestic market. It aims to produce up to 1.2mn t/yr of low-carbon hydrogen by 2030, targeting industrial, power and transport applications.

The company has already signed 12 memorandums of understanding with international partners for project development in Malaysia, India and the Middle East as well as with customers in East Asia. It is also studying the development of low-carbon ammonia supply chains.

In the mobility sector, Gentari aims to install 25,000 public EV-charging points by 2030, with a mid-term target of up to 9,000 by 2026 to “anchor its presence in Malaysia and India”, the company says.

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Author: Stuart Penson