The green investment division of Macquarie Group has recently launched a new renewable energy business called Aula Energy. With plans to develop, build and operate wind, solar and integrated battery projects across Australia and New Zealand, the business is expected to diversify and grow the company’s onshore portfolio.
The demand from investors for opportunities in renewable energy assets is increasing, and Lachlan Creswell, head of Macquarie Asset Management’s specialist green investments team for Australia and New Zealand, believes that the energy transition in Australia requires an acceleration in the deployment of new renewable generation. He stated that “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’s 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 which 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, as well as meeting the growing demand for investment opportunities in this sector. With plans to diversify and grow the company’s 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