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Solarvest Energy, a subsidiary of clean energy firm Solarvest Holdings, has been appointed by Gentari Renewables to install solar power systems at over 300 Petronas stations across Malaysia, marking a significant step towards sustainability.
The project represents a major milestone in Malaysia’s energy transition, contributing to the country’s clean energy goals, Solarvest said in a statement.
According to the company, it demonstrates a growing environmental, social and governance (ESG) commitment in the oil and gas industry.
Scheduled to begin in April 2024, this project will involve the installation of over 5.4 MWp of solar capacity across more than 300 Petronas stations.
These solar systems are expected to be operational by 2027. Once energized, it is estimated to offset approximately 5,035 tons of carbon dioxide emissions annually.
Davis Chong Chun Shiong, Solarvest of CEO, said, “Oil and gas operations account for around 15% of total energy-related emissions globally today, equivalent to 5.1 billion tons of greenhouse gas emissions. This project shows us the potential of solar energy to decarbonize retail fuel business operations.
According to Chong, businesses in Southeast Asia are actively seeking solutions to navigate the energy transition.
Through adopting renewable energy solutions like solar PV systems, he said businesses are taking concrete steps to drive sustainability and reduce environmental impact.
“The surge in demand is fueling our tender book and orderbook rapidly, reflecting in our significant revenue growth,
“Our ambition grows beyond Malaysia, we aim to drive the clean energy transition in the neighboring countries by tapping on Gentari’s global network,” he said.
The company started as a one-stop solar PV system solution provider for residential, commercial and industrial, and utility-scale solar farms. Now has accumulated renewable energy portfolio of more than 1,200 MW.
Gentari, a division of Petronas, focuses on providing clean energy solutions. With its three primary pillars of renewable energy, hydrogen, and green mobility, the firm aims to become the leading developer of commercial and industrial as well as utility-scale renewable energy projects.
