Energy Company News

Singapore’s ESR to Acquire Aquila’s 1.6 GW Asia-Pacific Clean Energy Platform

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Singapore-based real estate and logistics investor ESR has agreed to acquire 100% of Aquila Clean Energy APAC from Hamburg-based Aquila Group, picking up a 1.6 GW platform of solar, wind and battery storage assets spread across Australia, New Zealand, South Korea, Japan and Taiwan. The deal, announced this week, is expected to close in the first quarter of 2027 subject to customary closing conditions and regulatory approvals.

What ESR is buying

Aquila Clean Energy APAC’s 1.6 GW portfolio spans operational, under-construction and advanced-development projects. In Australia alone, the platform includes five projects, among them the Port Latta wind farm in Tasmania and four large battery storage developments in South Australia. ESR said the acquisition gives it an established regional platform rather than a project pipeline it would have to build from scratch, immediately adding scale in some of the region’s most active renewables and storage markets.

Why a logistics investor wants power assets

ESR’s core business is logistics real estate, but the company said the Aquila platform “complements” that portfolio and its growing data center business, pointing to strong adjacencies between power generation, storage and the energy-intensive warehouses and data centers ESR already develops and operates across Asia-Pacific. The acquisition builds on ESR’s existing activity in solar and battery storage, positioning the company to offer investors exposure across real assets, logistics and renewable power from a single platform — a strategy increasingly common among infrastructure-minded real estate managers as data center power demand reshapes their tenant base.

Part of a broader consolidation wave

The deal adds to a run of Asia-Pacific renewables consolidation in 2026, as larger, better-capitalized platforms absorb smaller developers that built out project pipelines but lack the balance sheet to take them through construction and long-term ownership. Australia in particular has drawn heavy consolidation interest as its grid operator races to connect new renewables and storage capacity — AEMO reported a record 9.1 GW of combined renewables and storage additions in the last financial year — creating demand for well-capitalized owners able to shepherd large batteries and wind farms like Aquila’s Port Latta project through to operation.