Macquarie acquires 49.9 per cent stake in Hydro Rein for $332 million

Macquarie Asset Management has concluded the purchase of 49.9 per cent stake for a consideration of $332 million in Hydro Rein, a subsidiary of Hydro.

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. The companies collaborated on the projects as a joint venture.