Aula Energy, the latest renewable-energy business venture launched by Macquarie Group’s green investment division, is set to play a significant role in the energy transition of Australia and New Zealand. The new business has plans to develop, build, and operate wind, solar, and integrated battery projects across both countries.
With an initial portfolio expected to have a capacity of 4 gigawatts, Aula Energy aims to diversify and grow Macquarie’s onshore portfolio as demand for investment opportunities in renewable-energy assets continues to increase. According to Lachlan Creswell, head of Macquarie Asset Management’s specialist green investments team for Australia and New Zealand, the energy transition in these countries requires an acceleration in the deployment of new renewable generation.
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.
Macquarie’s expansion of its green investment division represents 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.