Competition Commission of India Approves Acquisition for Clean Energy Solutions
Key Ideas
  • The Competition Commission of India has greenlit the acquisition of 21 SPVs and holding companies by Gentari Renewables India Pte. Ltd, focusing on clean energy solutions.
  • Gentari, an indirect subsidiary of Petroliam Nasional Berhad, aims to deliver renewable energy, hydrogen, and green mobility projects.
  • The target entities involved in wind turbines and solar power plants are set to contribute to the expansion of clean energy sources.
  • This approval signifies a positive step towards the development of sustainable energy initiatives in India.
The Competition Commission of India has given the green light for the proposed acquisition of 21 special purpose vehicles (SPV) and holding companies by Gentari Renewables India Pte. Ltd. Gentari is an indirect subsidiary of Petroliam Nasional Berhad and is dedicated to providing clean energy solutions, including renewable energy, hydrogen, and green mobility projects. The entities being acquired are actively involved in the generation and sale of power through wind turbines and solar power plants. This acquisition marks a significant move towards expanding clean energy sources in India and promoting sustainable energy solutions. The approval from the Competition Commission of India indicates a positive outlook towards the development of renewable energy and clean mobility projects in the country.
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