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Macquarie Capital launches Green Investment Group in North America

Macquarie Capital, part of Macquarie Group Ltd, a global provider of banking, financial, advisory, investment and funds management services has announced the launch of its Green Investment Group (GIG) in North America. The platform will focus on asset creation in the renewables sector, principal investment and financing solutions that span all stages of the project lifecycle, including development, construction and operations.

An aerial view from September 2017 of the construction of Ferrybridge Multifuel 2 (FM2) – a large-scale merchant energy-from-waste facility near Knottingley in West Yorkshire, UK. It is the first investment to be completed by Green Investment Group Ltd (GIG) following the acquisition of the Green Investment Bank in August 2017 by Macquarie Group. Almost 12 months later in June 2018, Macquarie Capital launched GIG in North America (photo courtesy Multifuel Energy Ltd).

Originally launched in 2012 in the United Kingdom (UK) as the “Green Investment Bank“, the business was acquired by Macquarie Group in August 2017, creating one of Europe’s largest teams of dedicated green infrastructure investors. Operating under the name Green Investment Group Ltd and integrated with Macquarie Capital’s own existing, successful green energy business, the company announced June 28 the launch of its Green Investment Group (GIG) in North America.

Leveraging Macquarie Capital’s deep sector expertise and established track record of structuring projects and executing complex transactions in energy and infrastructure, the platform will focus on asset creation in the renewables sector, principal investment and financing solutions that span all stages of the project lifecycle, including development, construction and operations. The North American launch builds upon the success of GIG’s platform in Europe and Asia.

The launch of the Green Investment Group in North America focuses our long-term strategic commitment to the renewable energy sector and strengthens our ability to develop and construct green energy projects in the region. Since 2010, GIG and Macquarie Capital have led investment in green energy projects valued at more than US$20 billion, said Nick Butcher, Global Co-Head of Infrastructure and Energy for Macquarie Capital.

With the expansion to North America, GIG now represents a leading global, pioneering green investment platform within Macquarie Capital, offering a full suite of services through a team comprising more than 200 green energy specialists. Through the GIG platform, Macquarie Capital will bring its highly specialized expertise, global network and flexible solutions to both established renewable energy technologies, including onshore and offshore wind, solar, hydro, transmission, waste and biomass, and emerging asset classes, such as tidal, biofuels, energy efficiency, storage, low carbon transport, smart grid and district heating.

We see a tremendous opportunity for renewable energy, and we are committed to building a strong pipeline across the full range of renewable subsectors, adding further scale to our global green energy business. We believe that the renewables sector in North America is poised for a prolonged period of growth as falling technology costs combined with growing demand from corporates and utilities drive increasing deployment, commented Chris Archer, Head of Green Energy Americas for Macquarie Capital.

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