Petronas is in an advanced state of negotiations that value AM Green at $6 billion, the report said citing people in the know of thngs. Malaysia’s state oil giant Petronas is close to clinching a $1.6 billion deal for a 25 per cent stake in the ammonia unit of India’s AM Green, according to a […]
Malaysia’s Sarawak Energy plans 400 MW floating solar capacity by 2030 – EQ Mag
KUALA LUMPUR : Sarawak Energy aims to install at least 400 megawatts (MW) of floating solar power capacity at its dams by 2030 as the Malaysian utility expands to meet rising demand for renewables from neighbouring countries, its chief executive said. The company owned by the Malaysian state of Sarawak, which produces most of its […]
Malaysia’s Total Lockdown: Operation of Electricity Supply Sector and Renewable Energy Developments
Malaysia’s Ministry of Energy and Natural Resources (‘KETSA’) has issued an official statement1 (‘KETSA Statement’) with respect to, among others, the operation of the electricity supply sector and renewable energy developments during the nationwide total lockdown which is in effect from 1 to 14 June 2021 (referred as the Full Movement Control or ‘FMCO’). This […]
Will Malaysia’s Unpopular Dam Projects Go Ahead?
The advantages of a hydroelectric dam are many. A hydropower plant can generate power to the grid immediately, provide essential back-up power during major electricity outages or disruptions, in addition to being a sustainable fuel source, along with a number of benefits such as flood control, irrigation and water supply. But whenever a hydroelectric dam […]
Malaysia’s solar capacity could cross 4GW in 2030, Fitch estimates
MALAYSIA’S solar capacity could more than quadruple to surpass 4 gigawatts (GW) in 2030, up from the 996 megawatts (MW) level it was at at the end of last year, analysts have estimated. The projection, revised from an earlier estimate of 1.7GW by 2029, would take solar power to more than 7.5 per cent of […]
Malaysia shortlists 823MW of large-scale solar bidders
Malaysia’s Energy Commission has announced the shortlisted bidders after it made a request for proposals for 1 gigawatt (GW) of solar projects in the fourth round of its large-scale solar (LSS) programme. The authority pre-selected 30 bidders in two categories. The 30 bidders have a total of 823 megawatts (MW) of generating capacity. The first […]
UAE’s Masdar, Malaysia’s PETRONAS sign deal to explore renewable energy opportunities
Apart from Malaysia, the companies are also interested in countries in the region that have pledged to accelerate the development of renewable energy Masdar, one of the world’s leading renewable energy companies and Malaysia’s PETRONAS, a global energy and solutions company, have signed a Memorandum of Understanding (MoU) to explore renewable energy opportunities across Asia […]
Malaysian firm to buy stake in five solar farms in Vietnam
A subsidiary of Malaysia’s largest power utility, Tenaga Nasional Berhad, plans to acquire a 39 percent stake in five Vietnamese solar power projects from Singapore’s Sunseap Group. The farms were built last December in southern Vietnam and have a total capacity of 21.6 MW. After selling 39 percent to TNB Renewables, likely this month, Sunseap […]
L&L acts for Malaysias’ Petro Berhad on $388m buy of India’s Amplus Energy rooftop solar power co
Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd or Petronas on Monday said it has acquired Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers. — Mint L&L Partners advised Petroleum Nasional Berhad led by a core transaction team of senior partner Mohit Saraf along with partners Samir Dudhoria and […]
