Macquarie’s Green Investment Group (GIG) has launched a European solar energy development company.

The newly launched Cero Generation, led by CEO Nikolaj Harbo, 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, GIG said.

Edward Northam, head of GIG for the UK and Europe, said: “The launch of Cero Generation marks an important milestone in GIG’s ambition to create Europe’s leading solar development company.

“An agile, flexible, development-focused business, backed by the global expertise, resources and reach of GIG, Cero is the perfect vehicle to propel us forward to the next stage of that journey.”

Harbo said in just two years, GIG created one of Europe’s largest solar development portfolios.

“Our ambition is to continue on this phenomenal growth trajectory, transforming Cero into Europe’s leading solar energy company, and helping deliver the continent’s net-zero ambition.”

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