TotalEnergies and Gentari Renewables Sdn Bhd, the clean energy solutions company of Petronas, have signed a Strategic Collaboration Agreement. The agreement captures the commitment of the parties to jointly develop renewable energy projects in the Asia Pacific region. This collaboration follows in the footsteps of their existing partnership in the upstream sector, where they have successfully collaborated in eight countries globally.
This agreement was executed at the Energy Asia Conference in Kuala Lumpur. Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies, and Sushil Purohit, Chief Executive Officer of Gentari signed the agreement on behalf of their respective organizations. Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Tan Sri Tengku Muhammad Taufik, Chairman of Gentari and President and Group CEO of Petronas were also present at the signing ceremony.
As per this agreement, TotalEnergies and Gentari will jointly develop the 100MW Pleasant Hills Solar Project located in Queensland, Australia. The project will supply low-carbon electricity for Roma field’s gas production and processing facilities. TotalEnergies and Gentari’s parent, Petronas, hold a 27.5% equity in Gladstone LNG.
“We are pleased to join forces with our long-standing partner Petronas, through Gentari, to deploy renewable energies in Asia-Pacific and decarbonize our own facilities leveraging on our respective strengths: through this Strategic Collaboration Agreement, we are paving the way for very concrete action plans ranging from implementing best practices to eliminate methane emissions, to energy efficiency and electrification with low carbon power”, commented Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies. “The 100MW Pleasant Hills Solar Project, which will contribute to lowering the emissions of Gladstone LNG, is a first material implementation of this agreement.”
“To achieve our joint decarbonization goals, it is critical to harness all our capabilities, capacity and resources efficiently. This includes optimizing our existing partnerships and working to decarbonize our own business entities. Gentari’s latest partnership with TotalEnergies therefore, will provide a new momentum in our net-zero efforts, and to build the right ecosystem for growth in clean energy and net zero solutions,” commented Sushil Purohit, CEO of Gentari.
TotalEnergies’s ambition is to achieve net-zero emissions by 2050 and be the world’s top 5 producers of electricity from wind and solar energy. To achieve this goal, the company is actively developing its portfolio in electricity and renewables. Currently, TotalEnergies has achieved an impressive gross renewable electricity generation installed capacity of 18 GW. It will continue expanding its business to reach the target of 35 GW of gross production capacity from renewable sources and storage by 2025, and 100 GW by 2030.
