Macquarie’s GIG launches 8GW European solar platform

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Macquarie’s Green Investment Group (GIG) has launched a new European solar energy company with a portfolio of more than 8GW under development across 150 projects.

Named as Cero Generation, the company will engage in delivering utility-scale and on-site generation projects across Europe.

In addition, the company will also offer integrated energy storage solutions.

Cero Generation has been launched to consolidate GIG’s existing, and future, European solar activities.

The portfolio of projects held by the company are located in the UK, Italy, Spain, Poland, France and the Netherlands.

GIG UK and Europe head Edward Northam said: “The launch of Cero Generation marks an important milestone in GIG’s ambition to create Europe’s leading solar development company.

“An agile, flexible, development-focused business, backed by the global expertise, resources and reach of GIG, Cero is the perfect vehicle to propel us forward to the next stage of that journey.”

Cero’s ground mounted, utility-scale projects are expected to offer strategic and financial investors opportunities to acquire ready-to-build, or fully commissioned solar generation assets.

Savion and Blueleaf Energy are responsible for the delivery of GIG’s solar development activities in North America and the Asia-Pacific region.

Together, the three platforms are advancing a global pipeline of over 20 GW of solar energy projects.

Cero Generation CEO Nikolaj Harbo said: “In just two years, GIG created one of Europe’s largest solar development portfolios and assembled a world-class team of experts.

“Our ambition is to continue on this phenomenal growth trajectory, transforming Cero into Europe’s leading solar energy company, and helping deliver the continent’s net-zero ambition.”