Macquarie invests in WA energy company

Malaga-based UON has announced Macquarie Bank as a strategic investor of the company, as it looks to bring new technology and solutions to Western Australia’s mining sector.

The company designs and installs remote power and water solutions to mine sites to help companies reduce their expenditure and emissions.

It appointed BDO Perth as adviser to the transaction.

UON managing director Mark Keogh said Macquarie’s investment and expertise would play an important part in the future of the company as it sought to expand its core offering.

“As we look to the future which includes the growth of our core WA business, the expansion to new sectors, as well as extended operations to serve international markets, the Macquarie relationship will be a key source of intellectual and financial capital,” he said.

“Macquarie’s experience in financing and developing strategic infrastructure and renewable energy projects around the world, including over $A20 billion invested in green energy since 2010, will be extremely valuable to UON and our clients.”

Macquarie associate director Lex Scott-Mackenzie will join the UON board alongside Mr Keogh and commercial general manager Kenny Keogh.

UON said it had been responsible for a number of power and water projects across the state and had a number of new expansion resource projects lined up.