Macquarie Asset Management’s Green Investment Group (GIG) has today published its 2022 Progress Report.
The report explores key developments across the business during the reporting period and provides an update on GIG’s mission to accelerate the transition to net zero. The report also provides an overview of GIG’s evolving business strategy as part of Macquarie Asset Management, its outlook for 2023, and detailed green impact reporting.
Highlights from the past year include:
- Joining Macquarie Asset Management, enabling GIG to mobilise capital at an even greater scale to invest in both established and emerging green technologies
- Launching Corio Generation, a specialist offshore wind business with one of the largest development portfolios in the world at more than 20 GW
- Growing Cero Generation, supporting the European solar developer as it progresses a development pipeline of more than 9 GW across 150 projects
- Driving volume in solar capacity development in developed markets through new investments in portfolio companies including Galehead Renewables in the US
- Accelerating the energy transition in emerging markets through Blueleaf Energy, a leading onshore renewables developer
- Investing to enable the next phase of the energy transition with the launch of a global battery storage business, Eku Energy, a new electric vehicle infrastructure business, Fleete, and a green hydrogen producer, HyCC
"It’s critical that as we tackle the immediacy of the energy crisis, we do not inadvertently exacerbate the climate crisis. We must avoid the temptations of short-termism and remain resolute in our knowledge that the only long-term solution lies in the energy transition. That’s why we’re doubling down on our mission to accelerate the transition to net zero."
Mark Dooley
Global Head of the Green Investment Group
GIG has committed or arranged over £26 billion of investment in green technologies since it was established in 2012. As part of the world’s largest infrastructure manager1, GIG has grown its development portfolio to over 85 GW2 of renewable energy projects across more than 25 markets globally.
GIG’s 2022 Progress Report is accessible here.
[1] By infrastructure assets under management, IPE Real Assets (July/August 2022)
[2] The total capacity of green energy assets in development that GIG has an equity investment in or that are included in funds using the GIG brand as at 30 September 2022. The GW figure includes 100% of the potential generating capacity of each asset, not the proportion owned/managed by GIG or the funds
