Gentari Plans Partial Stake Sale to Boost Renewable Growth in India – EQ
In Short : Gentari, the clean energy subsidiary of Malaysia’s Petronas, is looking to sell up to a 50% stake in its India operations. The potential \$400 million deal involves its 3.5 GW portfolio of wind, solar, and energy storage assets. The move aims to attract partners to expand its renewable footprint and support its green hydrogen initiatives.
In Detail : Gentari, the clean energy arm of Malaysia’s state-owned Petronas, is seeking potential buyers for up to a 50% stake in its Indian renewable energy business. The move is part of the company’s broader strategy to attract strategic partners and capital to scale its clean energy ambitions in the region.
The India portfolio under consideration includes about 3.5 gigawatts of wind, solar, and battery storage projects. These assets primarily serve the commercial and industrial (C\&I) sectors, providing clean electricity solutions to businesses seeking to reduce their carbon footprints.
Valued at nearly \$400 million, the partial stake sale is expected to draw interest from global energy companies, investment funds, and infrastructure players looking to invest in India’s growing renewable energy market. Gentari’s India operations are among its largest outside Malaysia.
Part of the energy produced by these assets is expected to support Gentari’s green hydrogen and green ammonia ventures, such as the AM Green Ammonia project, which aims to produce sustainable fuels for export and domestic use. This further strengthens the company’s integrated approach to decarbonization.
Gentari was launched in 2022 to drive Petronas’ clean energy goals, with a target of delivering 30–40 GW of renewable energy capacity by 2030. India is seen as a critical growth market due to its ambitious renewable targets and strong demand from corporates.
By divesting a portion of its India arm, Gentari aims to unlock capital for reinvestment, reduce operational risk, and bring in partners with shared expertise and financial resources to accelerate the clean energy transition in one of the world’s fastest-growing economies.
