Macquarie announces new onshore renewables business

Wind turbines and solar panels against beautiful sky (gamuda)
Image: Shutterstock

Macquarie Asset Management has announced the launch of its new onshore renewable energy business, Aula Energy.

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.

Related article: Macquarie to launch offshore wind business

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,” 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.

Aula Energy’s initial portfolio has an expected capacity of 4GW 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.

Related article: Shell Energy and GIG partner on 400MWh Rangebank BESS

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, including Blue Leaf Energy, Cero Generation, Corio Generation, and
Eku Energy.

Previous articleFlow Power helps aged care provider go green with PPA
Next articleSouth Australia passes bill to accelerate hydrogen projects