Green Investment Group acquires Conergy solar team and portfolio

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14 AUGUST 2018

Acquisition of Conergy portfolio creating a new global solar development platform. One complementing GIG’s existing expertises. They are in wind, waste-to-energy and disruptive green energy technologies.

So GIG’s first acquisition in Asia will see 88 solar experts join the team. All with a track record. A track record of developing over 500MW of solar projects across Asia Pacific.

Singapore/Edinburgh: 14 August 2018 – Green Investment Group (GIG) is Macquarie Capital’s global green investment platform. GIG announced the acquisition of a significant solar development portfolio from Conergy Asia & ME (“Conergy”). The portfolio includes solar development assets in the Asia Pacific region.

Conergy’s solar farm project with RASLAG Corporation in Mexico, Pampanga Philippines. Image: Conergy
Conergy’s solar farm project with RASLAG Corporation in Mexico, Pampanga Philippines. Image: Conergy

These include commercial, technical and energy storage capabilities. Thereby becoming an asset monitoring centre.

As part of the acquisition, Conergy employees located in Singapore, Australia, Japan, Germany and the Philippines. Again all will now join GIG. Thereby adding a team of 88 professionals with extensive experience in developing over 500MW of solar energy projects across Asia Pacific. Also and consequently a total of 2GW globally. The acquisition increases GIG’s global team to over 300 people and reinforces Asia as a centre of excellence for GIG and Macquarie’s global solar headquarters.

As GIG reaches its one year anniversary under Macquarie’s ownership, the business has expanded in scope and scale, and is now one of the world’s leading green energy investors. GIG is a global business with teams located in Asia, Europe and the Americas, specialising in activities ranging from early stage development through to construction, and operations in all major renewable technologies.

Since 2010 the combined Macquarie and GIG businesses have invested or arranged over £15bn in over 200 projects across 20 countries. The team is currently developing a pipeline of over 7GW of renewable energy projects, with a number of projects achieving financial close in recent weeks – including the 128MW Formosa offshore wind farm in Taiwan, the 200MW Canadian Breaks onshore wind farm in Texas and a 235MW onshore wind farm in Vasternorrland, central Sweden.

Source: Conergy