In a significant move towards a more sustainable future, Solarvest Energy Sdn Bhd, a subsidiary of leading clean energy expert Solarvest Holdings Berhad, has been appointed by Gentari Renewables Sdn Bhd, a subsidiary of Gentari Sdn Bhd (Gentari), to install solar power systems at over 300 PETRONAS stations across Malaysia.
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This project, awarded to Solarvest, represents a major milestone in Malaysia’s energy transition journey, contributing to the nation’s clean energy goals. It demonstrates a growing ESG commitment in the oil and gas industry and solidifies Solarvest’s position as a key player in Malaysia’s energy transition.
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Aimed to commence in April 2024, this project will see the installation of more than 5.4 MWp of solar capacity across more than 300 PETRONAS stations.These solar systems are expected to be operational by 2027. Once energised, it is estimated to offset around 5,035 tonnes of carbon dioxide emissions per year.
Executive Director and Group Chief Executive Officer of Solarvest, Mr. Davis Chong Chun Shiong (张俊雄) said: “Solarvest is proud to partner with Gentari on this meaningful initiative. Today, oil and gas operations account for around 15% of total energy-related emissions globally, equivalent to 5.1 billion tonnes of greenhouse gas emissions. This project shows us the potential of solar energy to decarbonise retail fuel business operations. Solarvest is confident that our expertise will ensure the successful implementation of this project, paving the way for a cleaner Malaysia.”
“Businesses in Southeast Asia are actively seeking solutions to navigate the energy transition. By embracing renewable energy solutions like solar PV systems, businesses are taking concrete steps to drive sustainability and reduce environmental impact. The surge in demand is fueling our tenderbook 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,” Davis concluded.
About Gentari
Founded in 2012, Solarvest was the first pure-play solar company to be listed on the ACE Market of Bursa Malaysia in 2019 and the Main Market in 2021. The company is the leading solar turnkey engineering, procurement, construction and commissioning (EPCC) provider in Malaysia, having installed a cumulative capacity of over 400MWp of solar photovoltaic systems. Currently, it is adding exposure as a renewable energy asset owner with 50MW of capacity currently under development.
