Malaysia’s state-owned oil and gas company Petronas is finalizing its acquisition of German developer Wirsol's renewable assets and pipeline in Australia, according to sources involved in the transaction.
The sale price might be between A$900 million ($625 million) to A$1 billion ($705 million), one person involved in the talks said.
The potential deal comes as Petronas tries to create a renewables business through its subsidiary Gentari, which was formed last year, with the goal of having 30-40 GW of renewable energy capacity, primarily in solar, by 2030.
