Macquarie’s Green Investment Group’s (GIG) European solar energy development company has partnered with Wattcrop to develop a portfolio of solar projects in Greece.
Cero Generation and Greek renewable energy developer Wattcrop will initially co-develop Wattcrop’s existing portfolio, which consists of more than 480MW early-stage projects.
The partners have also identified an ambitious future pipeline and are aiming to develop 750MW over the next four years.
Cero, launched in February this year, currently has an 8GW portfolio containing over 150 projects located in the UK, Italy, Spain, Poland, France and the Netherlands. Working across the project lifecycle, from development through construction and into operations, Cero specialises in the delivery of utility-scale projects, onsite generation and integrated storage.
Nikolaj Harbo, the CEO of Cero Generation, said: “This joint venture furthers Cero’s ambition to become Europe’s leading solar development company.
“We are delighted to have partnered with Wattcrop who bring significant expertise of the Greek market and an initial portfolio of high-quality development assets. Together, we will deliver clean, green energy for communities and businesses across Greece.”
Ypatios Moysiadis, managing partner at Wattcrop, said: “Our partnership with Cero Generation, a GIG portfolio company, will enable us to develop, build and operate quality renewable energy assets and accelerate the transformation and decarbonisation of electricity generation in Greece.
“We aim to work closely with local communities and the Greek authorities to develop sustainable green projects in harmony with communities and the environment.”
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