Macquarie Asset Management’s Green Investment Group (GIG) today announced its acquisition of Treaty Oak Clean Energy, LLC (Treaty Oak), a clean energy platform focused on developing, commercialising, building and operating utility-scale solar plus storage projects in targeted US energy markets.
Headquartered in Austin, Texas, and with satellite offices in Houston, Atlanta, and Denver, Treaty Oak features an experienced management team with a track record of developing, commercialising and executing 2 GW+ of utility-scale solar projects, and structuring bespoke offtakes and derivative products for 8 GW+ of power and renewables projects in the US on behalf of utility and independent power producer clients. Treaty Oak’s collective experience across critical competencies including power markets, offtake structuring, design, engineering and real estate will complement the strategic partnership GIG formed with Galehead Development in July 2022 and will further contribute towards GIG’s strategy of owning both development and operating-phase renewable energy assets.
“The US renewables market is embarking on a period of enormous growth, driven by the unprecedented policy tailwind created through the passage of the Inflation Reduction Act. Treaty Oak’s deep understanding of the US power markets, and its distinguished development, commercialisation and execution capabilities make it an ideal platform for GIG to further expand its footprint in the US and accelerate the transition to net zero.”
Green Investment Group
“We are excited to partner with the Treaty Oak team and combine their track record of developing high-quality projects with GIG’s objectives of being a long-term owner of valuable solar plus storage projects in the Americas and beyond. We look forward to building on the relationship developed with the Treaty Oak team over the last several years.”
Head of Americas,
Green Investment Group
GIG is a specialist green investor within Macquarie Asset Management, and a global leader in the development of companies, assets and technologies that aim to accelerate the global transition to net zero. GIG, through direct investments and its portfolio companies, oversees a portfolio of more than 5 GW of assets in construction or operation and a development pipeline of over 85 GW of renewable energy capacity globally.
"Macquarie Asset Management’s Green Investment Group is an ideal long-term owner of Treaty Oak. We are pleased to enter into this partnership with GIG, and we look forward to working with the GIG team to deliver on our clean energy growth ambitions across targeted US power markets."
Chief Executive Officer,
"Based upon our experience, we have a clear perspective on the value of clean, renewable energy for our customers and the communities in which we operate. In GIG we have a long-term partner that shares our fundamental views on power markets and the significant opportunities therein to maximize the value of our generation assets."
Chief Revenue Officer,