Macquarie Expands into Renewable Energy with Launch of New Business

Macquarie Group’s Green Investment Division Launches New Renewable Energy Business

Macquarie Group’s green investment division has launched a new renewable energy business, Aula Energy, with plans to develop, build and operate wind, solar and integrated battery projects across Australia and New Zealand. The new business will have an initial portfolio with an expected capacity of 4 gigawatts, with planned projects spanning 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.”

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 a series of large-scale onshore wind farms in Western Australia that could total up to 2.4GW.

This expansion of Macquarie’s green investment division 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 poised to play a key role in the energy transition of both countries. By focusing on long-term partnerships and access to capital, the new business is well-positioned to develop, build and operate wind, solar and integrated battery projects across the region.