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Malaysia’s Petronas acquires Singapore-based solar power company

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KUALA LUMPUR: Malaysian state-owned oil and gas company Petronas said yesterday it had acquired a Singapore-based solar energy company as part of a strategy to move into renewable energy, chasing high-growth business to complement its mainstay...

Malaysian state-owned oil and gas company Petronas said yesterday it had acquired a Singapore-based solar energy company as part of a strategy to move into renewable energy, chasing high-growth business to complement its mainstay operations.

It has projects across India, the Middle East and South-east Asia, according to a statement from Petronas.

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