2030 Finance | June 29, 2018

Macquarie debuts North American green investment strategy

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

Macquarie Capital formed its Green Investment Group through an acquisition of the British government’s Green Investment Bank last year.

At the time, there were concerns that the Australian bank might strip the green bank of its green assets. Instead, it has since grown the portfolio to 100 green infrastructure projects worth £3.4 billion. Now it is expanding the group to North America.

  • Out of the gates… Green Investment Group North America’s first two projects include the completion of a 200-megawatt wind farm in Texas called Canadian Breaks, and the launch of a solar development partnership called Candela Renewables. The team at Candela will build, source and develop up to a gigawatt of new solar farms for GIG.
  • Global expansion… In addition to its new North America division, GIG has a presence in Europe and Asia, including a 60-megawatt solar farm in development in Maharashtra. The farm is the first of a planned 300-megawatt solar portfolio in India and £200 million commitment to building green infrastructure in India and Africa.