Key Takeaways
- • KKR is planning to invest approximately RM2.6 billion in Gentari Renewable India Pte Ltd, the renewable energy subsidiary of PETRONAS, according to The Economic Times as reported by The Edge Malaysia.
- • The capital injection would not give KKR equity in Gentari Renewable India; instead, KKR would hold an option to acquire a stake at a later date, per the Indian business newspaper's report citing unidentified sources.
- • Gentari Renewable India is seeking growth capital to expand its renewable and green hydrogen projects and to reduce debt.
- • The unit previously acquired a 1.6-gigawatt solar and wind portfolio from Brookfield Asset Management for US$900 million (RM3.67 billion) in March 2025.
Summary
American private equity firm KKR is planning to invest some RM2.6 billion in Gentari Renewable India Pte Ltd, the renewable energy subsidiary of Malaysia's national oil company PETRONAS, according to The Economic Times, which reported the plan on Monday, October 19. The Edge Malaysia carried the report from Kuala Lumpur.
According to the Indian business newspaper, citing unidentified people familiar with the matter, the investment will not translate into an equity stake for KKR at this stage. Instead, KKR will have an option to acquire a stake in the company at a later date. The structure suggests the capital is intended primarily as growth funding rather than an immediate change in ownership.
Gentari Renewable India has been seeking growth capital to fund the expansion of its renewable energy and green hydrogen projects, and to reduce its debt burden, The Economic Times said. The company has been an active acquirer. In March 2025, it acquired a 1.6-gigawatt solar and wind portfolio from Brookfield Asset Management for US$900 million (RM3.67 billion). In May 2024, the unit bought a 185-megawatt operating solar portfolio from Fortum Corporation and partners.
PETRONAS, officially Petroliam Nasional Bhd, has built a presence in India across liquefied natural gas supplies, petrochemicals, petroleum trading and automotive lubricants. It also holds a 50:50 joint venture with Indian Oil Corporation in liquefied petroleum gas.
According to the Indian business newspaper, citing unidentified people familiar with the matter, the investment will not translate into an equity stake for KKR at this stage. Instead, KKR will have an option to acquire a stake in the company at a later date. The structure suggests the capital is intended primarily as growth funding rather than an immediate change in ownership.
Gentari Renewable India has been seeking growth capital to fund the expansion of its renewable energy and green hydrogen projects, and to reduce its debt burden, The Economic Times said. The company has been an active acquirer. In March 2025, it acquired a 1.6-gigawatt solar and wind portfolio from Brookfield Asset Management for US$900 million (RM3.67 billion). In May 2024, the unit bought a 185-megawatt operating solar portfolio from Fortum Corporation and partners.
PETRONAS, officially Petroliam Nasional Bhd, has built a presence in India across liquefied natural gas supplies, petrochemicals, petroleum trading and automotive lubricants. It also holds a 50:50 joint venture with Indian Oil Corporation in liquefied petroleum gas.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.