KUALA LUMPUR: Solarvest Holdings Bhd's unit, Solarvest Energy Sdn Bhd, has been appointed by Gentari Renewables Sdn Bhd to install solar power systems at over 300 Petronas stations across Malaysia by 2027.
This development marks a significant milestone in Malaysia's energy transition journey, aligning with the country's objectives for renewable energy, Solarvest said.
"It demonstrates a growing environmental, social, and governance (ESG) commitment in the oil and gas industry and solidifies its position as a key player in Malaysia's energy transition," it said in a statement.
Scheduled to begin in April 2024, the project will involve installing over 5.4 megawatt peak (MWp) of solar capacity across 300 Petronas stations.
"Once operational by 2027, these solar systems are projected to offset about 5,035 tonnes of carbon dioxide emissions annually," it added.
Solarvest executive director and group chief executive officer, Davis Chong Chun Shiong, highlighted that the project demonstrates the capacity of solar energy to reduce carbon emissions in retail fuel business operations.
"Solarvest is proud to partner with Gentari on this meaningful initiative. Today, oil and gas (O&G) operations account for around 15 per cent of total energy-related emissions globally, equivalent to 5.1 billion tonnes of greenhouse gas emissions.
"Solarvest is confident that our expertise will ensure the successful implementation of this project, paving the way for a cleaner Malaysia," said Davis.
Davis emphasised that companies in Southeast Asia are actively pursuing ways to adapt to the energy transition.
By adopting renewable energy solutions such as solar photovoltaic (PV) systems, businesses are actively contributing to sustainability efforts and minimising their environmental footprint.
"The surge in demand is fueling our tenderbook and orderbook rapidly, reflecting our significant revenue growth.
"Our ambition grows beyond Malaysia; we aim to drive the clean energy transition in the neighbouring countries by tapping on Gentari's global network," he concluded.