Investment group

Green Investment Group launches offshore wind energy business

Macquarie’s Green Investment Group (GIG) has announced plans to launch a new offshore wind energy venture headquartered in the UK.

Called Corio Generation, it is expected to start operations in April 2022 with one of the world’s largest project pipelines of over 15 GW of capacity.

He will drive projects from inception through development through construction and operation, continuing the development of GIG’s existing portfolio, which includes previously announced projects in the UK, Europe, Australia, Korea and Taiwan.

Mark Dooley, Global Head of GIG, said: “We were one of the earliest investors in the offshore wind market and over the past decade have built one of the largest development portfolios in the world. world in the UK, Ireland, Scandinavia, Taiwan, Korea, Japan, Australia, South East Asia and beyond. Consolidating this momentum and capability into Corio gives this company the opportunity to be a leading player in the next era of offshore wind.

“Leveraging its deep expertise and access to capital, Corio will focus on delivering the next generation of offshore wind projects in established and emerging markets around the world.”

More than 100 employees will transfer to the new company, which will be led by Jonathan Cole, who will join Corio after more than a decade at the helm of Iberdrola’s offshore wind business.

He was previously responsible for the development, construction and operation of more than 30 GW of projects in Europe, America and Asia.

Mr. Cole added: “I am extremely excited about this unique opportunity to lead a company that combines some of the best financial and industrial expertise in the world – and I believe Corio will play an important role in accelerating the deployment of wind energy. offshore in the world.

“From day one, we will be able to work with partners, suppliers and investors to deliver a pipeline of major projects that will not only deliver large amounts of clean, affordable electricity, but also support thousands of jobs. green.”