Macquarie Asset Management has concluded the acquisition of a 49.9 per cent stake in Hydro Rein, a subsidiary of Hydro, for a consideration of $332 million.
Furthermore, the investment will be managed by the Macquarie Green Energy and Climate Opportunities Fund, which will finance Hydro Rein’s projects in construction and development.
Macquarie’s investment will bolster the expansion of renewable energy solutions and support Hydro’s efforts to accelerate low-carbon aluminium production and decarbonise industries.
In September 2023, Macquarie Asset Management revealed its partnership with Perth-based Green Wind Renewables Pty Ltd (GRW) to collaboratively build up to 2.4 GW portfolio of onshore wind projects in Western Australia.
