Aquila Clean Energy, a renewables developer with at least four grid-scale battery projects currently under development in Australia, has been acquired by ESR, a Singapore based and Asia-Pacific focused asset owner and manager.
ESR announced on Thursday it has signed an agreement to acquire 100% of Aquila Clean Energy APAC, the regional arm of Aquila Group, a Hamburg-based investment and industrial development company.
Aquila Clean Energy has a pipeline 1.6 gigawatt portfolio of assets in operation or various stages of development across Australia, New Zealand, South Korea, Japan and Taiwan.
In Australia, the company has five projects in the works, including the Port Latta wind farm in Tasmania and four big batteries under development in South Australia.
ESR says the acquisition builds on its existing activities and pipeline in solar and battery storage and strengthens its capabilities to offer investment opportunities across other renewables technologies.
Apurv Choudhary, ESR’s group head of infrastructure says the plan is to “significantly scale” the Aquila platform “while maintaining a strong focus on returns and execution discipline, creating an attractive investment opportunity for our capital partners.”
“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,” added ESR president, Phil Pearce.
Aquila Group CEO and co-founder Roman Rosslenbroich said the sale was a strong recognition of the company’s ability to attract talented management teams and build category-leading industrial platforms.
“I am very proud of what the Aquila Clean Energy APAC team has built: a clean energy platform spanning solar, wind and battery storage across the most attractive markets in Asia-Pacific,” he said on Thursday.
“ESR is a strong owner for this business, and I want to thank everyone who contributed to this success over the years.”
Completion of the transaction is expected by the first quarter of 2027, subject to customary closing conditions and approvals.
