The green investment division of Macquarie Group has announced the launch of a new renewable energy business, Aula Energy. This new venture will focus on developing, building, and operating wind, solar, and integrated battery projects across Australia and New Zealand. With an initial portfolio expected to have a capacity of 4 gigawatts and projects spanning all Australian states, Aula Energy aims to diversify and grow Macquarie’s onshore portfolio in response to increasing demand from investors for opportunities in renewable energy assets.
Lachlan Creswell, head of Macquarie Asset Management’s specialist green investments team for Australia and New Zealand, said that the energy transition in these countries requires an acceleration in the deployment of new renewable generation. He added that Aula Energy’s experience and long-term partnership approach to creating and managing renewable energy projects will be underpinned by access to long-term capital.
The Aula Energy business model has been designed to span the full “develop, build, own, operate” project lifecycle. Construction of Boulder Creek Wind Farm in Queensland state is expected to begin in 2024. The initial portfolio includes 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 the 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. By developing, building, and operating wind, solar, and integrated battery projects across the region, this new business is set to contribute significantly to the growth of renewable energy generation in Australia and New Zealand.