The potential deal comes as Petronas looks to build a renewables business through its company Gentari, formed last year, which aims to have 30-40 gigawatts (GW) of renewable energy capacity, particularly in solar, by 2030.
Wirsol, owned by Wircon GmbH, put its Australian renewables business up for sale last year after scrapping plans to publicly list the business.
It runs solar farms and a battery across seven sites with a capacity of 746 MW, has a development pipeline of about 700 MW and is asset manager for 349 MW in Australia’s eastern states.
The company has had difficulty selling its Australian solar farms previously due to issues with congestion in the grid where its solar farms are located.
Petronas is already active in Australia through its stake in the Gladstone liquefied natural gas project (GLNG), run by Santos Ltd.