4 July 2018
The Green Investment Group, formerly belonging to the UK Government but now owned by Macquarie Capital, has formally launched in North America with two initiatives, including the launch of Candela Renewables for solar development and the financial close of the 200 megawatt (MW) Canadian Breaks onshore wind farm in Texas. Formerly known as the Green Investment Bank when it was owned by the UK Government, it was renamed to Green Investment Group when it was acquired by Australian bank Macquarie Group for £2.3 billion in mid-2017.
“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,” said Nick Butcher, Global Co-Head of Infrastructure and Energy for Macquarie Capital. “Since 2010, GIG and Macquarie Capital have led investment in green energy projects valued at more than $20 billion.”