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 […]
Petronas collaborates with UAE energy firms
PETROLIAM Nasional Bhd (Petronas) has inked two memoranda of understanding (MoUs) with United Arab Emirates (UAE)-based Abu Dhabi National Oil Co (ADNOC) and Masdar, or Abu Dhabi Future Energy Co, to pursue collaborations across the energy value chain. Petronas said the MoUs span the entire oil and gas (O&G) value chain where ADNOC offered Petronas […]
Renewable and clean energy is the future – but is Malaysia ready?
KUALA LUMPUR: Renewable energy (RE) is without a doubt the future in energy consumption and mix and a much debated topic not only in Malaysia but also globally as it needs the right policies, infrastructures, and funding. In an interview on the issue, Petroliam Nasional Bhd (Petronas) president and CEO Tengku Muhammad Taufik Tengku Aziz […]
Malaysia’s Petronas steps ups investments in hydrogen as part of carbon-free energy goals
KUALA LUMPUR: Malaysia’s state energy firm Petronas on Friday said it is stepping up investments in hydrogen as part of a global push to produce carbon-free energy, even as the firm expands its portfolio in liquefied natural gas and renewable energy. “The trajectory for moving towards hydrogen is really picking up space,” Chief Executive […]
Malaysia’s Petronas targets net zero emissions by 2050
KUALA LUMPUR: Malaysian state-owned energy giant Petroliam Nasional Berhad, or Petronas, said on Thursday it aims to become a net zero emitter of greenhouse gases by 2050 and also plans to increase its investments in renewable energy. Burning of oil and gas accounts for the vast majority of the world’s carbon emissions, and many investors […]
Petronas acquires 100 MW solar assets from Acme Solar
Has acquired the assets through its Indian unit Petroliam Nasional Berhad (Petronas), Malaysia’s state-run oil and gas company, has acquired around 100 MW solar assets owned by Acme Solar. The solar assets located in Karnataka, were acquired at an enterprise value of Rs 800 crore. Petronas has acquired the assets through its Indian unit Amplus […]
Tenaga Nasional Berhad plans to set up green energy platform in India
The Malaysian government-owned Tenaga Nasional Berhad is mulling over the option of setting up a renewable energy platform in India. In April 2019, Petroliam Nasional Bhd, or Petronas, had acquired Amplus Energy Solutions. The oil and gas company had paid Rs 2,700 crore for the deal. Tenaga Nasional Berhad is looking to set up a […]
Petronas ventures into renewable energy
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is acquiring 100% interest in Amplus Energy Solutions Pte Ltd, also known as M+, a leading Singapore-based company with a portfolio of distributed, renewable energy assets in Asia. In a statement Monday, Petronas said it had entered into an agreement with I Squared Capital, a leading global infrastructure investor […]
Petronas, Masdar & Sembcorp eye 30% in Hero’s green unit
MUMBAI: Malaysia’s Petroliam Nasional Berhad (Petronas), Abu Dhabi-based energy company Masdar Clean Energy and Singaporean alternate energy firm Sembcorp are in talks to acquire up to 30% of Hero Future Energies, the renewable energy arm of the Hero Group, said people with knowledge of the matter. Hero is looking to raise as much as $300 […]