• Sat. Dec 9th, 2023

Macquarie Unveils New Venture in Green Energy


Nov 20, 2023

Macquarie Group’s green investment division is expanding its portfolio by launching a new renewable-energy business, Aula Energy. The company plans to develop, build, and operate wind, solar, and integrated battery projects across Australia and New Zealand. With an initial portfolio of 4 gigawatts expected capacity, the projects will span all Australian states.

Lachlan Creswell, head of Macquarie Asset Management’s specialist green investments team for Australia and New Zealand, said the new business would diversify and grow the company’s onshore portfolio as demand from investors for opportunities in renewable energy assets increases. “The energy transition in Australia requires an acceleration in the deployment of new renewable generation,” he said. “The Aula Energy team’s experience and long-term partnership approach to the creation and management of renewable energy projects will be underpinned by access to long-term capital.”

Aula Energy has been designed to span the full project lifecycle, with construction of Boulder Creek Wind Farm in Queensland state expected to begin in 2024. The initial portfolio includes a series of large-scale onshore wind farms in Western Australia that could total up to 2.4GW. This expansion signifies a significant step towards increasing renewable energy generation in Australia and New Zealand while meeting growing demand for investment opportunities in this sector. With plans to diversify and grow its onshore portfolio, Aula Energy is well-positioned to play a key role in the energy transition of both countries by focusing on long-term partnerships and access to capital.

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