Macquarie opens new onshore renewable energy arm Aula Energy

The initial portfolio has an estimated energy capacity of 4 GW.

Macquarie Asset Management, through its specialist Green Investments team, has launched Aula Energy, its own onshore renewable energy business.

With the aim for long-term investment in energy needs, Aula Energy will place resources and market-leading skillsets for the establishment, construction, and growth of utility-scale wind, solar, and integrated batteries across the Australian and New Zealand markets.

“Key to Aula Energy’s approach will be the long-term sustainable development of these assets. We believe it’s through partnerships that we can have the most impact. That’s why we will prioritise long-term relationships and meaningful collaboration in developing our projects,” Chad Hymas, CEO of Aula Energy, stated.

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Aula’s Energy’s preliminary portfolio has a projected capacity of 4 GW, comprising large-scale onshore wind farms in Western Australia with up to 2.4 GW, all in the early stages of development. The pipeline also includes projects in New South Wales, Victoria, South Australia and Tasmania.

Currently, it has prepared for the construction of Boulder Creek Wind Farm near Rockhampton, Queensland by 2024.

The launch culminates Macquarie’s 17-year track record of investments in renewable energy, particularly with the development and commercialisation of onshore renewables.