Macquarie Asset Management launches onshore renewable energy business Aula Energy

Share

Share
  • Macquarie Asset Management’s specialist Green Investments team has launched Aula Energy, an onshore renewable energy business designed to attract long-term investment capital.
  • Aula Energy plans to develop, build, and operate utility-scale wind, solar, and integrated battery projects across the Australian and New Zealand markets to create a diversified portfolio of actively managed green energy generation assets for the future.
  • An initial portfolio with an expected capacity of 4 GW* of planned projects can support the energy transition by helping to increase renewable energy capacity in the grid.
  • The platform is the latest in Macquarie Asset Management’s suite of specialist businesses that seek to contribute to the energy transition, which also spans platforms focused on global offshore wind, European solar, pan-Asian renewables, and stand-alone battery storage, responding to investor demand for long-term opportunities in diversified portfolios of renewable energy assets.

Macquarie Asset Management has today launched a new onshore renewable energy business, Aula Energy. 

Aula Energy brings together Macquarie’s 17-year track record of investing in the renewable energy sector with a strong local team experienced in developing and commercialising onshore renewables.

Aula Energy will seek to build and grow a long-term business to meet future energy needs using market-leading capabilities to originate, develop, construct, and operate utility-scale wind, solar, and integrated batteries across the Australian and New Zealand markets.

The business will be led by Chad Hymas, who brings 20 years of experience in the energy industry across strategy, growth, regulation, operations, and finance.

“A powerful collaboration with partners will deliver on Aula Energy’s vision to be a leading green independent power producer in Australia and New Zealand that is trusted and committed to providing sustainable energy, energy for the future,” Mr Hymas said.

“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,” he said.

Lachlan Creswell, head of Macquarie Asset Management’s specialist Green Investments team for Australia and New Zealand said Aula Energy will diversify and expand its onshore portfolio.

“Aula Energy offers Australian and international investors exposure to a unique and diversified portfolio at an important time for renewable energy markets in the region, in the context of increasing demand from commercial and industrial off-takers.

“The energy transition in Australia requires an acceleration in the deployment of new renewable generation. Macquarie Asset Management’s specialist Green Investments team is a global leader in decarbonization solutions, and we are excited to expand this work through Aula Energy.

“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 initial portfolio has an expected capacity of 4 GW* of planned projects spanning every state in Australia and each asset will have grid connection potential.

In terms of project specifics, construction of Boulder Creek Wind Farm near Rockhampton, Queensland, is expected to begin in 2024.

The initial portfolio includes a series of large-scale onshore wind farms in Western Australia totalling up to 2.4 GW.* These projects, to be developed in partnership with Green Wind Renewables, are in the early stages of development.

Aula Energy’s expected portfolio includes developments in New South Wales, Victoria, South Australia, and Tasmania, the details of which will be announced as they progress.

The Aula Energy business model has been designed to span the full “develop, build, own, operate” project lifecycle while continually sourcing a pipeline of new projects and innovating as customer requirements, technologies, markets, and policies evolve.

The Aula Energy platform sits alongside Macquarie Asset Management’s suite of specialist businesses which have been created in response to growing demand from Australia and internationally for investment opportunities in diversified renewable portfolios, including:

  • Blue Leaf Energy, a pan-Asian Renewable energy platform (2018)
  • Cero Generation, a solar energy developer across Europe (2021)
  • Corio Generation, a global specialist offshore wind portfolio company (2022)
  • Eku Energy, a global battery storage platform (2022)

About Aula Energy

Aula Energy is a specialist renewable energy business that develops and operates utility-scale wind, solar and integrated batteries across the Australian and New Zealand markets. It is the latest in Macquarie Asset Management’s suite of specialist businesses in the renewable energy sector. The business has an initial portfolio of 4 GW* of projects across every state of Australia.

For more information, visit aulaenergy.com.

Image by: Macquarie Asset Management

Share

Latest

Related Content

Media Kit

    Data Protection

    The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

      Error: Contact form not found.

      Registration Form

      Error: Contact form not found.

      Registration Form

      Error: Contact form not found.

      Registration Form

      Error: Contact form not found.

      Registration Form

      Error: Contact form not found.

      Registration Form

      Error: Contact form not found.

      The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

      COVID-19
      Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

      Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

      The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

      Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

      Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

      Request Nomination Pack

      Error: Contact form not found.