Macquarie’s Green Investment Group (GIG) has been concerned in nearly €3bn of deals supporting energy decarbonization in international markets over the past year.
In its second annual study GIG elaborate deals and comes totalling €2.65bn that it’s structured and organized from between August 2018 to Gregorian calendar month 2019.
With this dealings GIG aforesaid it’s supported nearly 50% of total Great Britain offshore wind capability operating or construction.
Other key transactions embrace the acquisition of a 43MW power station in Hornamossen in Sweden, taking the overall renewable energy power purchase agreements sourced and structured by GIG in Sweden to almost 1GW.
In its report GIG conjointly highlighted debut project acquisitions in Noreg and Polska, the debt funding of battery storage project in the US, and therefore the initial listed renewables yieldco in Sub-Saharan Africa.
In end of September 2019 and as a part of the commitments created at the UN Climate Action Summit, Macquarie declared its intention to develop a 20GW pipeline of latest renewable energy comes through GIG.
Many of those projects expected to be backed by company PPAs organized by GIG and around a fifth of the general pipeline is anticipated to be sourced in rising market countries.
2019 may possibly be remembered because the year that the climate emergency actually entered the general public consciousness.
GIG’s mission to accelerate the transition to a greener international economy has never been therefore pressing, or essential.
Our commitment to developing a pipeline of twenty GW over future 5 years may be a central part of our efforts to assist deliver a fast increase within the pace and scale of renewable energy developments returning forward, significantly in rising markets.