Advertising

Macquarie invests heavily in green energy

Australian finance company Macquarie Green Energy and Climate Opportunities Fund acquires diversified portfolio of renewable energy investments

energynews
Le 24 April 2024

Please share:

Australia’s Macquarie Green Energy and Climate Opportunities Fund has completed the acquisition of a significant portfolio of solar, wind, energy storage and natural climate solutions projects. This transaction was orchestrated by Macquarie Asset Management’s Green Investments team, highlighting an increased commitment to the renewable energy sector since 2018.

Portfolio diversity and capacity

The acquired portfolio comprises investments in companies such as Galehead Development, Treaty Oak Clean Energy, Aula Energy, Blueleaf Energy, Outer Dowsing and Forliance, spread across the Americas, Asia-Pacific and Europe. Together, these projects total over 17 gigawatts (GW) of green energy capacity in various stages of development, construction and operation. The portfolio is supported by key Macquarie Asset Management customers, including UniSuper, LGPS Central and Border to Coast Pensions Partnership.

Impact on the global energy transition

Under the leadership of Edward Northam, Head of Renewable Investments at MAM Green Investments, Macquarie has developed a diversified portfolio aimed at supporting national policies and targets for energy transition. Macquarie Asset Management, having acquired an important role in infrastructure management, and now a leading investor in the energy transition, currently supports over 90 GW of green energy projects under development.

This acquisition by the Macquarie Green Energy and Climate Opportunities Fund Group enriches its portfolio with diversified green energy projects. This marks a further step in Macquarie’s strategy to expand its presence in the renewable energy sector worldwide.

Advertising

Recently published in Corporate strategy

Corporate strategy

Industry: The Franco-German contrast in decarbonization

A study by McKinsey and La Fabrique de l'Industrie highlights the marked differences between France and Germany in their industrial strategies for reducing emissions, highlighting divergent priorities in terms of energies and sectors.

Corporate strategy

Qair and Vibracoustic sign 12-year PPA in Poland

Qair and Vibracoustic sign a 12-year contract to supply renewable electricity to Poland, with a planned output of 180 GWh per year, reducing energy costs and CO2 emissions by 146,000 tonnes annually.

Corporate strategy

Qair and Vibracoustic sign 12-year PPA in Poland

Qair and Vibracoustic sign a 12-year contract to supply renewable electricity to Poland, with a planned output of 180 GWh per year, reducing energy costs and CO2 emissions by 146,000 tonnes annually.

Corporate strategy

Qair acquires Green Switch Capital and strengthens its presence in the UK

Qair acquires majority stake in Green Switch Capital, adding 15 GW of renewable energy projects to its UK portfolio, with a focus on solar, wind and storage.

Corporate strategy

Qair acquires Green Switch Capital and strengthens its presence in the UK

Qair acquires majority stake in Green Switch Capital, adding 15 GW of renewable energy projects to its UK portfolio, with a focus on solar, wind and storage.

Corporate strategy

Rare earths: US players step up efforts to secure financing

Mining and recycling companies in the US are rushing to finalize loans from the Department of Energy, fearing that a Donald Trump comeback will change policies to support critical minerals projects.

Corporate strategy

Rare earths: US players step up efforts to secure financing

Mining and recycling companies in the US are rushing to finalize loans from the Department of Energy, fearing that a Donald Trump comeback will change policies to support critical minerals projects.

Corporate strategy

Marathon Oil and ConocoPhillips obtain shareholder approval for merger

Marathon Oil shareholders approve merger with ConocoPhillips. The transaction, expected to be completed by the end of 2024, must still pass key regulatory hurdles.

Corporate strategy

Equinor to contribute USD 12.6 billion to the Norwegian economy in 2023

By 2023, Equinor is investing USD 12.6 billion in contracts with Norwegian suppliers, strengthening the local economy, according to Kunnskapsparken Bodø.

Corporate strategy

Equinor to contribute USD 12.6 billion to the Norwegian economy in 2023

By 2023, Equinor is investing USD 12.6 billion in contracts with Norwegian suppliers, strengthening the local economy, according to Kunnskapsparken Bodø.

Corporate strategy

France: TotalEnergies caps fuel prices for its customers

TotalEnergies sets a maximum fuel price of €1.94/liter for its electricity and gas customers, in response to the continuing rise in market prices.

Corporate strategy

France: TotalEnergies caps fuel prices for its customers

TotalEnergies sets a maximum fuel price of €1.94/liter for its electricity and gas customers, in response to the continuing rise in market prices.

Corporate strategy

Meyer Burger abandons U.S. plant, stock market plunges immediately

Meyer Burger, Swiss manufacturer of solar panels, abandons plans for a site in Colorado, causing a 38.5% fall in its share price. The company refocuses its operations and launches a restructuring program to reduce costs.

Corporate strategy

Meyer Burger abandons U.S. plant, stock market plunges immediately

Corporate strategy

EDP installs 103 MW of hybrid capacity in Spain

EDP deploys three wind-solar hybrid farms in Spain, totalling 103 MW, illustrating its leading role in energy innovation.

Corporate strategy

Energiequelle joins forces with Brandpower to accelerate expansion in Austria

Énergiequelle GmbH and Brandpower Windkraft GmbH & Co KG sign an agreement to strengthen their presence in the Austrian renewable energy market.

Corporate strategy

Energiequelle joins forces with Brandpower to accelerate expansion in Austria

Énergiequelle GmbH and Brandpower Windkraft GmbH & Co KG sign an agreement to strengthen their presence in the Austrian renewable energy market.

Corporate strategy

Vattenfall and Industrikraft increase electricity supply in Sweden

Vattenfall and Industrikraft enter into a partnership to invest in new power generation capacity, essential for the growing electrification of Swedish industries.

Corporate strategy

Vattenfall and Industrikraft increase electricity supply in Sweden

Vattenfall and Industrikraft enter into a partnership to invest in new power generation capacity, essential for the growing electrification of Swedish industries.

Corporate strategy

Clean energy infrastructure market targets USD 1.5 trillion by 2033

The energy infrastructure sector, driven by renewable energies and storage technologies, is booming and is expected to reach a valuation of 1.5 trillion USD by 2033, with annual growth estimated at 9.3%.

Corporate strategy

Clean energy infrastructure market targets USD 1.5 trillion by 2033

Corporate strategy

Australia: 100 MW storage unit boosts power grid

The 100 MW Chinchilla storage facility, the first project of the Kogan Clean Energy Hub, is now operational, stabilizing the Queensland grid and facilitating the integration of renewable energies.

Corporate strategy

Subsea investments exceed $42 billion

Global spending on subsea infrastructure, driven by offshore projects and technological innovation, will pass the $42 billion mark by 2027.

Corporate strategy

Subsea investments exceed $42 billion

Global spending on subsea infrastructure, driven by offshore projects and technological innovation, will pass the $42 billion mark by 2027.

Corporate strategy

Ørsted abandons Swedish FlagshipONE e-methanol project

Orsted halts development of FlagshipONE, its e-methanol project in Sweden, due to rising costs and the absence of long-term purchase contracts.

Corporate strategy

Ørsted abandons Swedish FlagshipONE e-methanol project

Orsted halts development of FlagshipONE, its e-methanol project in Sweden, due to rising costs and the absence of long-term purchase contracts.

Corporate strategy

Orsted suffers massive losses and delays key U.S. wind project

Orsted booked 3.9 billion kroner in impairments in the second quarter of 2024, mainly due to delays on its Revolution Wind offshore wind project in the USA.

Corporate strategy

Orsted suffers massive losses and delays key U.S. wind project

Orsted booked 3.9 billion kroner in impairments in the second quarter of 2024, mainly due to delays on its Revolution Wind offshore wind project in the USA.

Corporate strategy

PPC strengthens its portfolio with the acquisition of 629 MW of renewable assets in Romania

PPC strengthens its presence in Southeast Europe by acquiring a 629 MW portfolio of renewable assets from Evryo Group in Romania, comprising mainly onshore wind projects.

Corporate strategy

bp and NASA join forces to innovate in energy and space exploration

bp and NASA have embarked on a technological collaboration aimed at simultaneously improving space exploration and energy production, by sharing innovations and expertise adapted to extreme environments.

Corporate strategy

bp and NASA join forces to innovate in energy and space exploration

Corporate strategy

ABO-Group Environment integrates Odace and Soltech and strengthens its presence in France

ABO-Group Environment continues its expansion in the Nouvelle-Aquitaine region with the acquisition of Odace and Soltech, two companies specialized in hydrogeology and deep drilling respectively.

Corporate strategy

ABO-Group Environment integrates Odace and Soltech and strengthens its presence in France

ABO-Group Environment continues its expansion in the Nouvelle-Aquitaine region with the acquisition of Odace and Soltech, two companies specialized in hydrogeology and deep drilling respectively.

Corporate strategy

Algonquin Power sells its renewable assets to LS Power for USD 2.5 billion

Algonquin Power & Utilities Corp. sells its renewable energy assets to LS Power, refocusing its business on regulated services to optimize its balance sheet and ensure sustainable growth.

Corporate strategy

Algonquin Power sells its renewable assets to LS Power for USD 2.5 billion

Algonquin Power & Utilities Corp. sells its renewable energy assets to LS Power, refocusing its business on regulated services to optimize its balance sheet and ensure sustainable growth.

Corporate strategy

Enlight Renewable Energy exceeds expectations in Q2 2024

Enlight Renewable Energy reports 61% revenue growth in Q2 2024, while raising its annual guidance, despite a significant drop in net income.

Corporate strategy

Occidental Petroleum exceeds expectations with acquisition of CrownRock

Occidental Petroleum reports better-than-expected second-quarter earnings, boosted by higher production and the strategic acquisition of CrownRock.

Corporate strategy

Occidental Petroleum exceeds expectations with acquisition of CrownRock

Occidental Petroleum reports better-than-expected second-quarter earnings, boosted by higher production and the strategic acquisition of CrownRock.

Corporate strategy

Siemens Energy Reduces Losses and Improves Financial Outlook

Siemens Energy improves its cash flow forecast thanks to increased demand for its power grid equipment and gas turbines, despite challenges in its wind power division.

Corporate strategy

Siemens Energy Reduces Losses and Improves Financial Outlook

Siemens Energy improves its cash flow forecast thanks to increased demand for its power grid equipment and gas turbines, despite challenges in its wind power division.

Corporate strategy

Suzlon acquires 51% of Renom

Suzlon announces the acquisition of 51% of Renom, consolidating its dominant position in multi-brand maintenance services for renewable energies in India, and plans to reach a 76% stake within 18 months.