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Australia's Macquarie Group to launch offshore wind business

 Last Update: 2022-04-24
 Source: Internet
 Author: User

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The green investment arm of Australian financial conglomerate Macquarie Group said on Thursday it will launch an offshore wind energy business that will start operations in April, according to World Gas on March 2

The new business, Corio Generation, will become part of Macquarie Green Investment Group (GIG) and will have a global project pipeline of 15 GW, one of the largest in the world, the company said

GIG, which Macquarie acquired from the UK government in 2017, is currently developing green energy projects with a capacity of 35 gigawatts

Under pressure from investors to disclose, track and meet emissions targets, companies have recently vowed to promote the use of clean, renewable energy

Macquarie, which generates a large chunk of its profits from its commodities trading unit, posted a record quarterly profit last month on strong commodity markets

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