The renewable-energy business, Aula Energy, has been launched by Macquarie Group’s green investment division with plans to develop, build and operate wind, solar and integrated battery projects across Australia and New Zealand. The new business aims to diversify and grow the company’s onshore portfolio as demand from investors for opportunities in renewable-energy assets increases.

Lachlan Creswell, head of Macquarie Asset Management’s specialist green investments team for Australia and New Zealand, said that the energy transition in Australia requires an acceleration in the deployment of new renewable generation. “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,” he said.

Aula Energy’s business model has been designed to span the full “develop, build, own, operate” project lifecycle. The 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 while meeting the 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.