David Di Pilla’s HMC Capital has established itself as one of the biggest players in the nation’s energy transition by splashing $950 million to buy a major portfolio of renewable generation assets from France’s Neoen.

The sale of the wind farms and battery projects in Victoria paves the way for Canadian asset management firm Brookfield to acquire the rest of Neoen’s local portfolio, instantly turning the investment giant into one of the largest operators of renewable generation assets in the country.