Malaysia's state-owned oil and gas giant plans to invest heavily in renewable energy

Solar photovoltaic net news: according to the Malaysian news website reported that Malaysia's state-owned oil and gas giant, Malaysia's state oil company ( Petronas) Recently launched a plan to renewable energy investment. The company President and chief executive of Wan Zulkiflee Wan Ariffin said the company in the oil and gas as well as the core business, is considering establishing new business growth, at present, already will use the solar energy, wind power and biomass power generation into the development strategy.

Wan Ariffin said that countries increasingly high demand for electricity, in order to provide electricity to the security, economic and sustainable, petronas will expand renewable energy investments, and for action. In April this year, the company acquired Asia Singapore engaged in photovoltaic solar developers Amplus Energy Solutions, first foray into renewable Energy.

Wan Ariffin stressed that Malaysia's national oil investment in renewable energy, will help the country achieve the goal of 45% reduction in carbon dioxide emissions by 2030.

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