Macquarie sets up unit to build 8 GW solar project pipeline in Europe
Green Investment Group, owned by Macquarie, has launched Cero Generation, which will operate on a European scale and carry out both ground-mounted and commercial scale power generation projects. It will also provide integrated energy storage solutions.From pv magazine Spain Green Investment Group (GIG), which is part of Australia-based venture capital fund Macquarie, has launched Cero Generation (Cero), a specialized solar energy company that will operate in Europe. Cero will act as an independently operating GIG holding company and will build a PV portfolio of 8 GW spread across 150 projects .
Green Investment Group launches new solar energy company
Cero Generation aims to deliver utility-scale, on-site generation projects and integrated energy storage solutions
Macquarie’s Green Investment Group (GIG) has launched a new solar energy company.
The new firm, named Cero Generation, will deliver utility-scale, on-site generation projects and integrated energy storage solutions for the European market.
The company will have an 8GW portfolio that consists of more than 150 projects in the UK, Italy, Spain, Poland, France and the Netherlands.
Edward Northam, Head of GIG for the UK and Europe, commented: “The launch of Cero Generation marks an important milestone in GIG’s ambition to create Europe’s leading solar development company.”
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Date: 27 May 2021
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