IFM acquires UK renewable energy platform

IFM Investors will obtain 100% ownership of UK-based Nala Renewables.

Currently visiting the UK with several superannuation funds, IFM Investors announced the acquisition to further enhance its presence in UK's renewable energy market.

The announcement also follows a $7 billion takeover bid for the toll road operator Atlas Arteria a few days prior.

IFM currently owns 50% stake in Nala Renewables and will acquire the remaining half from Trafigura Renewables on behalf of funds managed by IFM.

Headquartered in London, Nala Renewables contains fully integrated in-house project life cycle capabilities and spans across strategic markets in Europe. The platform has a portfolio of over 2 gigawatts (GW) of renewable energy capacity across solar PV, onshore wind and battery energy storage systems.

The transaction, expected to complete in mid-2026, underscores IFM's renewable power conviction, including the growing need for energy security and reliable low-carbon generation.

Commenting, IFM executive director Neil Doherty said Nala's operational experience and expertise will provide a compelling opportunity to capture the growing demand for renewable power in the UK.

"Critical to this success has been the dedication of the entire Nala team. We are excited to support Nala's next phase of growth and to accelerate the energy transition by building a best-in-class renewable platform," Doherty said.

"I would like to thank Trafigura for their valuable partnership and contribution to the growth of Nala over the past six years."

Meanwhile, Trafigura global head of operating assets Jiri Zrust said: "Over the past six years, Trafigura is proud to have played a part in developing Nala into a leading renewable energy platform."

"We are pleased that IFM will take Nala through its next phase of growth."