Australian renewable energy land specialist RELA has completed the acquisition of a portfolio of renewable energy lease interests, marking the formal launch of its RELA Prepay offering in the United Kingdom (UK).
The transaction is backed by equity from funds managed by Oaktree Capital Management and debt financing from funds managed by Macquarie Asset Management, positioning RELA as a long-term participant in the UK market.
The acquisition provides immediate scale for RELA’s UK operations, with the company set to manage one of the country’s largest portfolios of renewable energy leases. This establishes RELA as a counterparty for landowners and advisers seeking to monetise lease interests tied to renewable energy projects.
The move comes as renewable energy lease markets continue to mature across both Australia and the UK. As deployment accelerates, landowners are increasingly seeking greater control over how and when they access the value of long-term lease agreements to support farm operations, business growth and succession planning.
RELA’s Prepay product, adapted over more than two years for the UK market, enables landowners to unlock future lease income upfront while retaining ownership and control of their land. The model is designed to provide financial flexibility, allowing landholders to reinvest, manage debt, diversify income streams or support estate planning, while also offering developers a mechanism to deliver additional value to host landowners without increasing project costs.
The financing structure underpinning the UK expansion is intended to provide stable, long-term capital to support both renewable lease acquisitions and landholder prepayments.
Stuart Gourley, Chief Product Officer at RELA, shared that the transaction represents a key milestone for the business and reflects growing demand for financial solutions aligned with long-term land management.
“Completing this transaction is a major milestone for RELA and the formal launch of our UK platform,” Gourley said.
“Landowners want the flexibility to capitalise their long-term renewable energy leases to support succession planning, growth, diversification, debt repayment and property acquisitions. Prepay is built specifically for that purpose, backed by leading global institutions and designed to support long-term land and estate planning objectives without changing ownership of the underlying land asset.”
Gareth Edwards, Senior Vice President at Macquarie Asset Management, shared that the partnership reflects increasing investor interest in infrastructure linked to the energy transition.
“We are pleased to support RELA’s UK launch and the expansion of its Prepay product with a long-term, bespoke debt financing solution that offers our clients access to stable, inflation-linked cash flows supported by renewable energy generation leases,” Edwards said.
“RELA brings strong expertise to the market, and we look forward to working together to support landowners and advisers as the UK’s energy transition progresses.”
Bertie Radcliffe, Senior Vice President at Oaktree, explained that the firm is focused on supporting the platform’s growth.
“We are delighted to be partnering with RELA and Macquarie on this important transaction and we look forward to supporting the growth and scaling of the platform over the months and years ahead,” Radcliffe said.
RELA’s UK expansion will build on its track record in Australia, where it has worked with landowners, advisers and industry stakeholders to align financial outcomes with land management objectives and support the development of market standards for renewable energy leasing.
