Singapore’s ESR has signed an agreement to acquire 100% of Aquila Clean Energy APAC, a clean energy platform that develops, owns, and operates solar, battery storage, and wind assets across the region.
ESR will acquire the company from Hamburg-based investment and industrial development firm Aquila Group.
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Aquila Clean Energy APAC has a 1.6GW portfolio of operational, construction,and advanced development assets in the key Asia-Pacific markets of Australia and New Zealand, South Korea, Japan and Taiwan.
ESR president Phil Pearce said, “ESR has entered its next phase of growth with a clear focus on the sectors that underpin resilient supply chains, digital economies, and long-term economic development.
“As demand for logistics infrastructure, data centres, and power becomes increasingly interconnected, we see significant opportunities at the intersection of these sectors, with energy infrastructure becoming an increasingly compelling area for long-term capital deployment.”
ESR group head of infrastructure Apurv Choudhary added, “Aquila Clean Energy APAC brings an experienced team and a high-quality and diversified renewables portfolio across key Asia-Pacific markets, which is strategically adjacent to ESR’s footprint.
“Leveraging ESR’s platform capabilities, we intend to significantly scale the Aquila Clean Energy platform while maintaining a strong focus on returns and execution discipline, creating an attractive investment opportunity for our capital partners.”
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Completion of the transaction is expected by Q1 2027, subject to customary closing conditions and applicable approvals.
