Petronas' Clean Energy Arm Sees India and Australia as Key Markets for Rapid Growth
Apr 02,2024 | DAXTROMNSOLAR
Petronas, the clean energy arm of the Malaysian state oil company, is targeting India and Australia for rapid growth in its renewable energy business. The company has aggressive plans to expand its clean energy portfolio by 2023, aiming to tap into the increasing demand for sustainable energy solutions in these two countries.
India, with its ambitious renewable energy targets and supportive government policies, presents a major opportunity for Petronas. The country aims to install 450 gigawatts (GW) of renewable energy capacity by 2030, of which solar energy will play a significant role. Petronas' expertise in solar energy infrastructure will be vital in meeting India's renewable energy targets and supporting the country's sustainable development goals.
Australia, on the other hand, is blessed with abundant natural resources, including a vast expanse of land ideal for solar energy projects. Petronas recognizes the potential of the Australian market and intends to capitalize on it. The company is already involved in a 100 MW solar project in Australia and aims to expand its presence further.
In my opinion, Petronas' focus on India and Australia is a smart move. These two countries have immense potential for renewable energy growth, and by investing in these markets, Petronas is positioning itself as a key player in the global clean energy sector. As the demand for sustainable energy continues to rise, companies like Petronas will play a crucial role in driving the transition to a greener future.
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