Aula Energy acquires 1 GW solar portfolio and 800 MW battery storage pipeline from Lightsource bp

By Global Infrastructure Sherpa · Feb 23, 2026

Acquisition Solar|Battery Storage announced Australia Feb 23, 2026

1 GW

Capacity

operating

Stage

Aula Energy acquired a 1 GW portfolio of operating solar farms and a development pipeline of up to 800 MW of associated battery energy storage projects from Lightsource bp. The portfolio includes the Wellington, Wellington North, West Wyalong, Woolooga and Wunghnu solar farms.

Deal Analysis

Aula Energy's acquisition of a 1 GW operating solar portfolio and an 800 MW battery storage pipeline from Lightsource bp represents a significant expansion of Aula Energy's renewable energy footprint. The deal includes five operating solar farms located in Australia: Wellington, Wellington North, West Wyalong, Woolooga and Wunghnu. This strategic move positions Aula Energy to capitalize on the growing demand for renewable energy and energy storage solutions. Lightsource bp, a major player in the renewable energy sector, is divesting these assets as part of its portfolio management strategy. The acquisition underscores the increasing importance of integrated solar and battery storage projects in Australia's energy transition. By acquiring both operating solar assets and a development pipeline of battery storage, Aula Energy is well-positioned to provide dispatchable renewable energy to the grid. The deal's undisclosed value suggests a substantial investment in the Australian renewable energy market, further solidifying the country's position as a key market for renewable energy development.

Aula Energy acquires a substantial 1 GW operating solar portfolio.
The deal includes an 800 MW battery storage development pipeline, enhancing grid stability.
Lightsource bp, a major renewable energy developer, is the seller.
The acquisition reinforces the trend of integrating solar and battery storage solutions.

Market Context: Australia is experiencing significant growth in renewable energy deployment, driven by government policies and decreasing technology costs. The integration of battery storage is becoming increasingly crucial to address the intermittency of solar power and ensure grid reliability.

Source Intelligence

KEY DETAILS

The portfolio includes the 200 MW Wellington, 400 MW Wellington North, and the 107 MW West Wyalong solar farms in New South Wales (NSW). Also included is the 210 MW Woolooga solar farm in Queensland and the 90 MW Wunghnu solar farms in Victoria. The deal with Aula comes after a previously announced $800 million-plus deal with Chinese state-owned company Beijing Energy International Holding (BJEI) for the solar assets was scrapped early last year after failing to secure approval from the Foreign Investment Review Board.

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Capacity

Aula Energy announced it has acquired a 1 GW portfolio of operating solar farms from Lightsource bp and a development pipeline of up to 800 MW of associated battery energy storage projects

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Location

The portfolio of operating assets includes the 200 MW Wellington, 400 MW Wellington North, and the 107 MW West Wyalong solar farms in New South Wales (NSW).

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Announcement

February 23, 2026

PARTIES MENTIONED IN SOURCE

Aula Energy buyer

"Australian renewable energy development business Aula Energy announced it has acquired a 1 GW portfolio of operating solar farms from Lightsource bp"

Lightsource bp seller

"Aula Energy announced it has acquired a 1 GW portfolio of operating solar farms from Lightsource bp"

Macquarie investor

"Sydney-headquartered Aula, established by investment bank Macquarie in 2023"

high quality Enriched Feb 23, 2026