Singapore-based real-asset manager ESR Group agreed on September 25, 2026 to acquire 100% of Aquila Clean Energy APAC, folding a 1.6 GW pipeline of Asia-Pacific solar, wind and battery-storage projects into its logistics and data-center-heavy portfolio and signalling a decisive push into New Economy power infrastructure.
Hamburg-parented platform swings to Singapore
Aquila Clean Energy APAC is the Asia-Pacific renewable-energy platform of Hamburg-based Aquila Group, developing utility-scale solar, onshore wind and battery-storage projects across Australia, New Zealand, South Korea, Japan and Taiwan. Under the deal, ESR takes over the full 1.6 GW book plus the platform's local development, construction and asset-management teams. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals in each jurisdiction.
ESR's renewables leg for New Economy infrastructure
ESR, taken private in 2025, is repositioning around what it calls interconnected New Economy infrastructure — logistics real estate, data centers and now clean power — after institutional investors began demanding integrated exposure to AI-driven load growth. Aquila becomes ESR's largest renewables acquisition and its first meaningful step into battery storage. Related: B2U And LG Energy Solution Team To Turn Used EV Packs Into Grid BESS and Refinyx Exits Stealth With Northvolt Recycling Tech.
Reporting based on coverage from Energy-Storage.News.