Macquarie’s Green Investment Group (GIG) has announced its plans to launch a new specialist offshore wind business, named Corio Generation (Corio).
Corio will commence operations in April 2022 with a project pipeline of over 15GW. Corio will take projects from origination, through development and construction, and into operations. Corio will apply a long-term partnership approach to the creation and management of projects, underpinned by access to long-term capital sourced both within Macquarie and from third parties. Corio will continue the development of GIG’s existing portfolio, which includes previously announced projects in the UK, Europe, Taiwan, Korea, and Australia. Corio will be led by Jonathan Cole, who will join the business as CEO after more than a decade as leader of Iberdrola’s offshore wind business.