KUALA LUMPUR, Feb 24 — Petroliam Nasional Bhd is looking into more high growth areas in the Asia Pacific to expand its renewable energy presence including in China.
It operates the largest open access solar farm in India with 800 megawatts capacity and in Malaysia, Petronas has more than 100 megawatts capacity of solar assets in operation and under development.“We have also set up an office in Dubai, United Arab Emirates to tackle the Middle East market. He said Asia Pacific will be the biggest market for RE led by China, India and other countries in the region driven by the commitment to combat climate change.
“The cost of energy storage at the moment is still high. So, we have to look into its commercial viability. India and Australis are the markets where we are currently developing the projects and we will look into Malaysia when the price has reduced significantly,” he noted.