Amplus Solar, a subsidiary of Malaysian oil and gas conglomerate Petronas, and Microsoft Corporation signed a long-term renewable energy agreement for a 100 MW solar project which Amplus is developing in Rajasthan, India.
Amplus was acquired by Petronas in 2019 from its New York-based investor, I Squared Capital.
The two companies are also collaborating to co-innovate digital solutions that would support the decarbonization efforts of Petronas.
The collaboration aims to bolster environmental sustainability by developing a Digital Sustainability Core platform, a first for the global energy sector. Petronas said the platform would help the collaboration establish a unified data hub to record, report, and reduce carbon emissions.
The two companies plan to use the technology and build an intelligent platform powered by artificial intelligence (AI) and comprehensive data.
Senior Vice President of Project Delivery and Technology at Petronas, Bacho Pilong, said, “The collaboration fortifies our common commitment to leverage digitalization and technology to achieve sustainability’s triple bottom line of people, planet, and profit. ”
To balance the environment, social, and governance elements in its approach to sustainability, Petronas aims to go carbon neutral by 2050. The oil and gas major has also accelerated measures to reduce its Scope 1 and Scope 2 greenhouse emissions.
Microsoft’s Malaysia Managing Director, K Raman, said, “The strategic partnership will not only contribute to our sustainability goals, but it also presents us the opportunity to apply the latest digital technology to support Petronas’ transition to a more sustainable future.”
Intending to go carbon neutral by 2030, Microsoft has pledged to power all of its operations with 100% renewable energy supply by 2025, including its data centers, buildings, and campuses. Microsoft completed its first renewable energy deal in India in 2018 when it agreed to purchase 3 MW of solar-power from Atria Power for its new office building in Bengaluru, Karnataka.
Amplus Solar was among the top five rooftop solar installers in India in 2021, according to Mercom’s India Solar Market Leaderboard 2022.