Gentari completes acquisition of Wirsol’s Australian solar and storage assets

Wirsol Energy and its assets have been purchased by Gentari Renewables Australia from the German renewables group Wircon. Wirsol Energy, which entered the Australian market in 2017, owns and operates renewable energy and storage projects in New South Wales, Victoria, and Queensland. It has 422 MW of operational solar and storage projects and nearly double that amount in development.

The portfolio was purchased by Gentari for just under AUD 1 billion, marking the company’s entry into the Australian renewable energy market. It is also the latest milestone on Gentari’s path to meeting its target of 30 to 40 GW of renewable energy capacity by 2030, bringing the company’s overall renewables portfolio to approximately 1.6 GW of installed capacity in Malaysia, India, the United Arab Emirates, and Australia.

To achieve these goals, the company intends to expand its solar capacity and battery energy storage capabilities, as well as position itself as a green hydrogen producer with Australia serving as a strategic market. The 90 MW Clermont solar farm in Queensland and the 110 MW Wemen solar farm in Victoria are among Wirsol’s Australian assets. Its development pipeline includes the 445 MW Maryvale solar and energy storage project in New South Wales, as well as the acquisition of land rights for the 75 MW to 85 MW Barnawartha solar farm in Victoria.

In January 2023, Australia and the Netherlands signed a memorandum of understanding (MoU) to collaborate on the construction of a green hydrogen supply chain from Australia to Europe via the Port of Rotterdam. During Australia’s Minister for Climate Change and Energy, Chris Bowen’s visit to Europe, the MoU was signed between him and the Netherlands Minister for Climate and Energy. This expands on existing agreements between many Australian jurisdictions and the Dutch port.