Petronas

Petronas Expands India Bet With 100 MW ACME Buy Through Amplus

Amplus Energy Solutions, the Malaysian national oil firm, Petronas’s subsidiary in India since its own acquisition by Petronas last year, has moved to acquire 100MW of solar assets owned by ACME Solar. The reported price for the deal is $110 million., or almost Rs 800 crores. For the Manoj Upadhyay led ACME Solar, the deal […]

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Petronas On-Track to Build Effective Biz Ecosystem in India: Rizan Ismail

With an aim to tap the demand for energy, power and consumer goods in India, Malaysia-based Petroliam NasionalBerhad (Petronas) is ramping up efforts to strengthen footprints in the country. With more than 20 years of strategic partnerships covering 6 business segments in India, Rizan Ismail, Chairman of Petronas Energy (India) Pvt Ltd, said “Petronas is […]

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Amplus Solar Enters Residential Rooftop Solar Segment

Amplus Energy Solutions has diversified and expanded its services to offer solar solutions to residential rooftop customers C&I rooftop solar solutions provider, Amplus Energy Solutions has announced that the company has diversified and expanded its services to offer solar solutions to residential customers, backed by a 25-year warranty. The company is launching HomeScape, its residential […]

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Big Basket Goes Solar With Amplus to Trim CO2 Emissions

By using solar energy, Big Basket expects to generate 310,64,120 units of green power which in turn will help in trimming its CO2 emissions by 29,440 metric tonnes for a term period of 20 years. One of Asia’s leading clean and green energy solutions provider Amplus Energy Solutions has joined hands with Big Basket, an […]

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Amplus to Invest Rs 500 cr for 100 MW Solar Project in UP

Amplus Energy is going to invest Rs 500 crore for its second open access solar project of 100 MW in district Deoria of Uttar Pradesh. Amplus Energy has announced an investment of Rs 500 crore for its second open access solar project of 100 MW in district Deoria of Uttar Pradesh. The project will be […]

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Haryana Open Access Move Shows High Potential From C&I market for Renewables

With Amplus Energy announcing a 750 crore investment to establish 150 MW of solar capacity in Haryana, the C&I (corporate and industrial) market has a new state to cheer for. The announcement by Amplus follows the change to the state rules brought in by the Haryana Renewable Energy Development Agency (HAREDA) in March 2019, when […]

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Amplus Inks Pact with Kongsberg to Digitalize Solar Asset Lifecycle

“This partnership with Kongsberg Digital is another step in our endeavor to channelize the power of technology to maximize solar performance,” he added. Gurgaon-based Amplus Energy Solutions has entered into an Memorandum of Understanding (MoU) with Norway’s Kongsberg Digital to utilize its efficiency enhancing applications – Kognifai. As per the deal, Amplus will explore opportunities […]

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Petronas makes India Play with Amplus Energy Acquisition

By Acquiring Amplus Energy for Rs 2700 crores, Malaysia’s Petronas just made a big India play in renewables. The Move by Malaysia’s Petronas, itself a $60 billion-plus behemoth with a $13.2 billion bottom line in 2018, is a huge vote of confidence in India’s renewable sector. At Rs 2700 crores, the valuation also seems to […]

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Petronas Forays into Renewable Energy with Acquisition of Amplus Energy

Malaysia’s Petronas has acquired Amplus Energy Solutions, marking the Oil and Gas majors international foray into renewable energy. Petroliam Nasional Berhad (Petronas), Malaysia’s fully integrated oil and gas major, has entered into an agreement with I Squared Capital, a leading global infrastructure investor, to acquire 100% interest in Amplus (M+) Energy Solutions Pte Ltd, a […]

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