Funds managed by IFM Investors agree to acquire full ownership of Nala Renewables

IFM Investors (“IFM”) announced an agreement to acquire the remaining 50% equity interest in Nala Renewables (“Nala”) from Trafigura Renewables S.à r.l. (“Trafigura”) (the “Transaction”) on behalf of funds managed by IFM. Upon completion of the Transaction, funds managed by IFM will hold 100% ownership of Nala.

Headquartered in London, Nala is a renewable energy platform with a multi-technology approach and fully integrated in-house project life cycle capabilities. The asset base is located primarily in select, strategic markets in Europe, with a portfolio comprising over 2GW of renewable energy capacity across solar PV, onshore wind and battery energy storage systems.

The Transaction underscores IFM’s conviction in the long‑term fundamentals underpinning renewable power, including the growing need for energy security and reliable low‑carbon generation. Nala’s operational experience, deep renewable expertise and growth pipeline provide a compelling opportunity to capture the growing demand for renewable power and system flexibility.

Completion of the Transaction is expected in mid‑2026, subject to customary regulatory approvals and closing conditions.

Quotes attributable to Neil Doherty, Executive Director at IFM Investors

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

Quotes attributable to Jiri Zrust, Global Head of Operating Assets at Trafigura

“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.”

About IFM Investors

IFM Investors is a global asset manager, founded and owned by pension funds, with capabilities in infrastructure equity and debt, private equity, private credit, real estate and listed equities. Our purpose is to invest, protect and grow the long-term retirement savings of working people.

With assets under management of approximately USD 183.1bn as of March 2026, we serve more than 800 institutional investors worldwide, operating from 13 offices across Australia, Europe, North America and Asia.

About Nala Renewables

Nala Renewables is a London-headquartered global renewable energy company. Nala owns, develops, constructs and manages solar PV, onshore wind and energy storage assets across the full project life cycle. With a primary focus on Europe and Chile, Nala continues to scale its portfolio through a combination of in-house development, strategic partnerships, and selective acquisitions.

Nala aims to build a global portfolio of renewable energy projects with a cumulative generative capacity of 10GW in operation, construction, or late-stage development by 2030.

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