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The green investment division of Macquarie Group has launched a new renewable-energy business, Aula Energy, which aims to develop, build and operate wind, solar and integrated battery projects across Australia and New Zealand. With an initial portfolio expected to have a capacity of 4 gigawatts, the new business is set to diversify and grow Macquarie’s onshore portfolio as demand from investors for renewable-energy assets continues to rise.

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. Aula Energy’s experience and long-term partnership approach to creating and managing renewable energy projects will be underpinned by access to long-term capital.

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 as part of the initial portfolio. Other planned projects include 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 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.

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