- Macquarie Asset Management has established Aula Energy to build utility-scale renewable energy assets
- The focus will be on onshore wind, solar and integrated battery projects in the markets of Australia and New Zealand
- It sees the new entity catering to the increasing demand for renewables from commercial and industrial offtakers
Global asset manager from Australia, Macquarie Asset Management has set up a new company with an initial portfolio of 4 GW planned renewable energy projects in Australia and New Zealand markets.
Aula Energy, the new onshore renewable energy business, will develop, build, own and operate utility-scale wind, solar and integrated battery projects. It will be developed to become a green independent power producer (IPP). It will diversify and expand the onshore portfolio.
The initial portfolio of 4 GW comprises projects in every Australian state. Macquarie said each asset will have grid-connection potential. Aula will be led by Chad Hymas.
“Aula Energy offers Australian and international investors exposure to a unique and diversified portfolio at an important time for renewable energy markets in the region, in the context of increasing demand from commercial and industrial off-takers,” said the Head of Macquarie Asset Management’s specialist Green Investments team for Australia and New Zealand, Lachlan Creswell.
Macquarie’s latest venture joins the list of its previous launches including Asia-focused renewable energy platform Blue Leaf Energy and European solar developer Cero Generation (see GIG Launches Cero With 8 GW Solar Development Portfolio).
Earlier in March 2023, Macquarie Energy Leasing Limited set up OnStream Solar in Great Britain for the commercial and industrial solar segment (see Macquarie Launches New UK Entity For C&I Segment).