SYDNEY: Petroliam Nasional Bhd’s Gentari Sdn Bhd has finalised the purchase of Australian renewables firm Wirsol Energy, which has solar and battery energy storage systems and a pipeline of development projects.
The deal has an enterprise value of A$1bil (US$690mil or RM3.03bil), according to a source.
The source could not be named as the information has not been made public. Gentari and Wirsol Energy did not respond to a request for comment on the sale price.
Wirsol is comprised of 422 megawatts in operating capacity and 765 megawatts of potential capacity in projects under development, Gentari said in a statement. — Reuters
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