Macquarie Capital is launching the GIG group in an attempt to capitalise on North America’s growing renewable energy sector and increased demand among investors for such assets. GIG was originally created as the Green Investment Bank by the UK government in 2017, before being sold to Macquarie for $3.02bn in 2012. GIG has recently expanded into Europe and Asia, and will now aim to finance renewable energy schemes, in addition to structuring smaller projects into larger investments for sale to institutional investors. GIG will partner with two former First Solar developers in order to create Candela Renewables.
Macquarie Capital is launching the GIG group in an attempt to capitalise on North America’s growing renewable energy sector and increased demand among investors for such assets. GIG was originally created as the Green Investment Bank by the UK government in 2012, before being sold to Macquarie for $3.02bn in 2017. GIG has recently expanded into Europe and Asia, and will now aim to finance renewable energy schemes, in addition to structuring smaller projects into larger investments for sale to institutional investors. GIG will partner with two former First Solar developers in order to create Candela Renewables.