Alejandro de Hoz García-Bellido (pictured) will join Green Investment Group (GIG) offshoot Corio Generation in May as deputy chief executive, reporting to Jonathan Cole, according to sources.
His role will be global in focus with a responsibility to originate and develop projects in Corio’s pipeline up to a final investment decision, reNEWS understands.
He will also be responsible for growing and developing relationships with the supply chain.
De Hoz García-Bellido has served as president and chief executive of Avangrid Renewables, Iberdrola Group’s renewables business in the United States.
In total, de Hoz García-Bellido has 17 years of direct experience in the renewable energy sector.
Corio Generation will commence operations in April 2022 with a project pipeline of over 15GW and will be headed by Cole, who has also left Iberdrola to take up the role of CEO at the new business.
A GIG portfolio company operating on a standalone basis, Corio will take projects from origination, through development and construction, and into operations.
Corio will continue the development of GIG’s existing portfolio – which includes previously announced projects in the UK, Europe, Taiwan, Korea, and Australia.
Over 100 staff will be transferred into the new business and it will continue to recruit more staff in the coming year.
Corio will be headquartered in the UK with offices in London and Edinburgh, and active in a variety of European markets as well as Japan, Korea, Taiwan and Australia.
The business will also explore opportunities to enter the Americas.