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Gentari Plans to Sell Up to 50% Stake in India Arm Amid Global Green Energy Caution

Gentari, the renewable energy arm of Malaysian oil major Petronas, is exploring the sale of up to a 50% stake in its India business, potentially marking one of India’s largest green energy transactions. The company has engaged Standard Chartered Bank as its transaction advisor and has begun preliminary talks with several potential buyers, including NTPC Green Energy.

Gentari India currently has a robust portfolio of 4 GW of operational capacity, 4 GW under construction, and an additional 4 GW in the pipeline. While Gentari prefers to divest a minority stake, it is open to offering joint control to strategic investors. The deal structure and valuation are still being finalized, and interested buyers will undergo a detailed due diligence process.

This move comes at a time when global sentiment toward renewable energy investment has softened, especially following the return of U.S. President Donald Trump and a renewed focus on fossil fuels. Global oil majors such as Shell and BP have scaled back their green ambitions, impacting investor appetite and asset valuations.

Despite the global headwinds, Gentari aims to expand its Asia-Pacific operations with ambitions to install 30-40 GW of renewable energy and become a major clean hydrogen supplier.