Macquarie’s Green Investment Group (GIG) has reached a global development portfolio in excess of 30GW, revealed in its 2021 progress report.
The document highlights key transactions and developments from the reporting period, which include securing rights to develop the 1.5GW Outer Dowsing Offshore Wind Farm in the UK, and establishing partnerships to bid for offshore projects in Scotland, France and Norway.
Other highlights include launching Cero Generation, GIG’s specialist European solar development platform, one of Europe’s largest dedicated solar development companies.
This year GIG’s portfolio company Blueleaf Energy also expanded into Japan, the Philippines and India.
GIG also acquired its first utility-scale battery storage portfolio in the UK from Capbal.
Mark Dooley (pictured), global head of GIG, said: “Instead of focusing on individual assets, our platform and partnership model enables us to amplify the impact of our investments by advancing multiple gigawatt scale portfolios with teams of technical experts, ultimately delivering transformational volume into the market.
“It’s an approach that works for established technologies like solar, as well as newer technologies such as battery storage, and it has enabled us to grow our global development pipeline to well over 30GW.”