SYDNEY, Australia – 12 September 2023
– Global clean energy solutions company Gentari officially
rebranded leading renewable energy solutions provider WIRSOL
Energy today, following the completion of its full acquisition in
February 2023.
With the rebranding, WIRSOL Energy will
now be known as Gentari Solar Australia. This firmly establishes
and anchors Gentari as a leading developer with integrated solar
and battery energy storage system (BESS) and asset management
capability in the Australian renewable energy market. Gentari
Solar Australia currently has 422 MW in gross installed capacity
and 765 MW in potential capacity within its late-stage project
pipeline.
Andrew Barson leads as its Chief Executive
Officer with a mandate to grow the company’s solar capacity
and BESS capability in the country. Among the projects that Barson
is overseeing are the Maryvale Solar and Energy Storage Project in
New South Wales and the Barnawartha Solar and Energy Storage
Project in Victoria, both expected to reach FID soon with a
combined capacity of over 500 MW.
“Aptly
captured by our launch theme “Accelerating Clean
Energy”, Gentari Solar Australia will be key in achieving
our ambition to accelerate clean energy adoption. In the immediate
term, we will leverage our Australian assets as a building block
to drive growth in utility-scale solar capacity and battery
storage capability, towards increasing the share of renewables in
Australia’s power generation mix. Looking further ahead,
Gentari will also explore other clean energy technologies
including wind power in Australia,” commented Low Kian Min,
Gentari’s Chief Renewables Officer.
Gentari’s
current operations in Australia adds 422 MW of gross installed
capacity to the company’s overall renewable energy
portfolio, joining over 1 GW of capacity in Malaysia and India. In
the longer term, Gentari’s planned growth in Australia,
targeted to contribute more than 5 GW towards achieving its 2030
ambition of 30 to 40 GW globally, will be driven primarily by
solar and wind operational assets.
“In light of
Australia’s market maturity and strong potential, coupled
with an open access grid that offers opportunities for
diversification, underpinned by supportive government policies and
a robust financing ecosystem, we are looking at optimising our
solar energy resources while exploring wind generation and other
technologies to supply green energy for hydrogen production in the
future. Beyond this, we are also interested in developing
commercial capabilities and are monitoring opportunities in green
mobility in the country,” he added.
Gentari
currently has a diverse talent pool in Australia, recognising the
need for broad capabilities in the clean energy space. “We
are excited to be part of Gentari’s future in Australia. In
line with Gentari’s business growth in the country and
rapidly expanding regional presence, we are set to add new
employment opportunities across the renewable energy value
chain,” commented Barson.
In Australia, the
national electricity market is transitioning away from coal-fired
generation, which currently comprises 66% of generation, as
existing power stations reach end-of-life. The Federal Government
has set a Large-scale Renewable Energy Target (LRET) to promote
renewable electricity generation, aiming to have 82% of the
nation’s electricity generated by renewables by 2030 as
part of an economy-wide target of cutting emissions by 43 per cent
by 2030, based on 2005 levels.