Australian investment bank Macquarie Asset Management is setting up a renewable energy business initially targeting utility-scale wind, solar and integrated battery capacity totalling 4,000MW.
Aula Energy's initial portfolio includes a series of onshore wind farms in Western Australia totalling up to 2,400MW, as well as the 372MW Boulder Creek onshore wind farm near Queensland's Rockhampton, expected to begin construction in 2024.
Aula's aim to become a leading renewable power generation firm in Australia and New Zealand will draw on Macquarie's 17 years of investing in the renewable energy sector, the firm said. It will announce details at a later date of developments planned in Australia's New South Wales, Victoria, South Australia and Tasmania states.
Macquarie said the energy transition in Australia requires faster deployment of renewable power, with Aula expanding its existing Green Investments team's reach. Macquarie's specialist green power businesses include pan-Asian renewable energy platform Blue Leaf Energy, European solar energy developer Cero Generation, offshore wind portfolio company Corio Generation and battery storage firm Eku Energy.
The launch of Aula follows a $190mn investment in Dutch sustainable aviation fuel distributor SkyNRG by Green Investments earlier this month.
