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The Wall Street Journal

Macquarie to Wait Out Volatility Before Divesting More Renewables

Its asset-management arm lifted annual profit 33% in the group’s last fiscal year

By Stuart Condie
Macquarie Asset Management reported a net profit contribution of 1.61 billion Australian dollars, or about US$1.02 billion, over the 12 months through March
Macquarie Asset Management reported a net profit contribution of 1.61 billion Australian dollars, or about US$1.02 billion, over the 12 months through March Photo: david gray/Reuters

SYDNEY—Australian financial giant Macquarie is aiming to wait out current market volatility before divesting any more renewable-energy assets.

Macquarie’s asset-management arm lifted annual profit 33% in the group’s last fiscal year, divesting offshore wind farm stakes in the U.K. and Taiwan in that period.

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