In Short : By acquiring Fortum’s solar assets, Actis and Petronas have the opportunity to contribute to India’s renewable energy sector and promote the country’s transition to a greener and cleaner energy future. Solar power has immense potential in India, and this investment could help accelerate the adoption of solar energy and increase its share […]
Malaysia’s Petronas poised to clinch $1.6 bn deal for stake in India’s AM Green – EQ
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 […]
NTPC mulls new offers for green unit after withdrawn bid – EQ Mag
In addition, soaring demand and attractive subsidies for clean energy in developed markets, such as the US and the European Union, is weaning some investors away from India. State power giant NTPC Ltd. is considering seeking fresh offers for a stake in its green unit after the top bidder pulled out, a development that highlights […]
Petronas, Sembcorp, JSW Neo to vie for Continuum – EQ Mag
Petronas, Sembcorp Industries, and JSW Neo Energy are separately considering acquiring Continuum Green Energy (India) Pvt. Ltd in a potential deal that may have an enterprise value of $1.5 billion, two people aware of the development said. The companies may submit non-binding bids next month for the deal, which is expected to have an equity […]
Malaysia’s Petronas launches clean energy firm to lead carbon-free push – EQ Mag Pro
The first of the clean hydrogen projects, which is being developed in Malaysia and other markets, is due to come onstream in 2025. Malaysia’s Petronas on Thursday announced the establishment of a new clean energy solutions company, Gentari, as part of a global push by the state oil firm to produce carbon-free energy. Petronas, the […]
PETRONAS, Microsoft Expand Strategic Partnership With New Renewable Energy Agreement – EQ Mag Pro
KUALA LUMPUR : PETRONAS and Microsoft today strengthened their strategic partnership through a new renewable energy agreement and collaboration to co-innovate digital solutions that will support PETRONAS’ decarbonisation efforts. PETRONAS’ subsidiary Amplus Solar, entered into a long-term agreement with Microsoft for a 100MW solar project currently under development by Amplus Solar in Rajasthan, India. At […]
Petronas to Power Assets in Malaysia With Solar Energy As Part of Its Sustainability Commitment
KUALA LUMPUR : Petroliam Nasional Bhd (Petronas) has launched an initiative to deploy solar energy at the group’s assets across Malaysia to increase efficiency and reduce carbon emissions as part of its sustainability agenda and aspiration of Net Zero Carbon Emissions by 2050 (NZCE 2050). In a statement today, Petronas said four of its assets […]
Solar, wind power to drive renewable energy growth this year
PETALING JAYA: Renewable installations in solar, wind and storage facilities are set to rise by 40% year on year to another record 190GW globally this year, accelerating from a 30% on-year expansion in 2020 despite project delays caused by the Covid-19 pandemic, predominantly driven by solar photovoltaic (PV) solutions, followed by offshore wind installations, according […]
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 […]
Masdar to pursue large-scale PV projects in Asia through deal with Petronas
Masdar has signed an agreement with Malaysian state-owned energy firm Petronas to explore the development of large-scale solar projects in Asia and the Middle East. A new memorandum of understanding will see the two companies work together to participate in solar and wind opportunities for utilities as well as commercial and industrial customers, with a […]