October 4, 2022


Enduring Values

Macquarie Asset Management’s Green Investment Team Completes Financial commitment in Galehead Advancement | Company

NEW YORK–(Organization WIRE)–Jul 18, 2022–

Macquarie Asset Management’s Green Financial commitment Team (GIG) and Galehead Growth (Galehead) right now announced the near of an investment decision by GIG in Galehead, a major US-dependent renewable electrical power enhancement platform and trustworthy associate to world-wide utilities, unbiased electrical power producers and substantial US corporates for organizing, taking care of and offering renewable electrical power tasks.

Galehead is differentiated by its proprietary LandCommand® engineering and specialized front-conclusion enhancement abilities. Since 2016 the corporation has effectively formulated and monetized 5 GW of photo voltaic PV, wind and co-found storage initiatives and is actively building an added 4 GW through current joint growth arrangements. GIG’s investment will enable Galehead to advance a more 6 GW of early to mid-stage renewable electricity tasks, enter new marketplaces and discover new commercial purposes for its LandCommand® platform. The Galehead partnership and pipeline will lead toward GIG’s system of owning both equally enhancement and functioning-stage renewable electricity belongings.

“The US renewables market place is embarking on a time period of great growth, pushed mainly by the main renewable technologies of solar and wind,” said Mark Dooley, International Head of Eco-friendly Financial commitment Group. “With its verified track-report and sturdy pipeline of early- to mid-stage advancement tasks, Galehead is effectively positioned to be at the forefront of this advancement. Our partnership allows us to grow GIG’s footprint in the US and marks the get started of an thrilling new period in our function to accelerate the transition to net zero.”

GIG is a expert green investor inside of Macquarie Asset Management, and a global chief in the growth of providers, assets and technologies that goal to accelerate the world-wide changeover to net zero. The asset supervisor oversees investments in more than 46 GW of capability, and through GIG and its portfolio firms, is at present establishing over 30 GW of renewable electrical power capability globally.

“Macquarie Asset Management’s Eco-friendly Financial commitment Team is an perfect prolonged-expression cash partner for Galehead to advance our eyesight for ‘developing a century of Effect Infrastructure.’ We are proud to carry on the lengthy custom of GIG’s groundbreaking investments in the electrical power transition, and we are fired up about performing jointly to broaden the Galehead platform,” mentioned Galehead CEO Matt Marino.

“We are thrilled to achieve our strategic targets by way of the structuring and closing of this expenditure. GIG’s capital commitment strengthens Galehead’s harmony sheet, entry to institutional assets and our interior abilities for offering transformative clear power initiatives to our downstream partners,” added Galehead COO Patrick Martin.

Already an founded marketplace for renewable electricity with 37 GW mounted throughout 2021, we believe that the US is established for even more powerful growth over the training course of this ten years. It is estimated that the US will account for a significant portion of the global renewable vitality expansion envisioned among now and 2030. 1

About Macquarie Asset Administration

Macquarie Asset Administration is a global asset supervisor that aims to provide favourable influence for every person. Trusted by establishments, pension cash, governments, and men and women to regulate far more than $A735.5 billion/EUR459./GBP394.6/USD531.7 in assets globally, Macquarie Asset Management delivers entry to professional financial investment abilities throughout a assortment of abilities which includes preset profits, equities, multi-asset answers, private credit history, infrastructure, renewables, organic belongings, serious estate, and asset finance.

Macquarie Asset Management is portion of Macquarie Group, a diversified economic team supplying clientele with asset management, finance, banking, advisory and possibility and money solutions across credit card debt, fairness, and commodities. Launched in 1969, Macquarie Team employs roughly 17,209 folks in 33 marketplaces and is detailed on the Australian Securities Exchange.

About Eco-friendly Investment Team

Eco-friendly Expenditure Group (GIG) is a expert environmentally friendly trader in just Macquarie Asset Administration, and a world chief in the improvement of businesses, assets and technologies that goal to accelerate the world transition to net zero. At first launched by the British isles Government in 2012 as the Environmentally friendly Investment Lender, it was the first establishment of its variety in the planet. Obtained by Macquarie in 2017, GIG has grown to come to be one of the world’s largest eco-friendly traders with a growth pipeline of more than 30 GW in around 25 marketplaces, spanning set up renewables and rising eco-friendly technologies.

All figures as at 31 March 2022.

For far more info, visit greeninvestmentgroup.com and macquarie.com

About Galehead:

Galehead Improvement is a top upstream enhancement services and engineering system for the identification and growth of transformative thoroughly clean energy assets. Because 2016, Galehead has employed its proprietary LandCommand® technological know-how to form powerful partnerships with downstream companions to jointly acquire photo voltaic PV, wind and co-situated storage initiatives. Headquartered in Boston, MA, Galehead manages improvement functions through the US with a mission to accelerate the North American vitality transition.

Other than Macquarie Lender Constrained ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Team entity famous in this document is not an authorised deposit-getting institution for the reasons of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not stand for deposits or other liabilities of Macquarie Lender. Macquarie Lender does not guarantee or normally offer assurance in regard of the obligations of these other Macquarie Group entities. In addition, if this doc relates to an financial commitment, (a) the investor is issue to expense possibility including attainable delays in repayment and decline of income and principal invested and (b) none of Macquarie Financial institution or any other Macquarie Group entity guarantees any distinct rate of return on or the efficiency of the investment decision, nor do they guarantee reimbursement of funds in respect of the expenditure.

1 BloombergNEF, 2022

Watch source model on businesswire.com:https://www.businesswire.com/news/household/20220718005591/en/

Make contact with: Media enquiriesFor MacquarieSarah Stein, Macquarie Team Media Relations

[email protected] Galehead DevelopmentPatrick Martin, COO

[email protected] Lowitz, Advertising Affiliate

[email protected]

Search term: UNITED STATES NORTH The united states NEW YORK

Sector Key word: BANKING SOCIALLY Liable INVESTING Skilled Companies ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) UTILITIES ASSET Administration Environmentally friendly Technological know-how Alternative Electrical power Atmosphere Electrical power FINANCE

Supply: Macquarie Asset Management

Copyright Organization Wire 2022.

PUB: 07/18/2022 11:18 AM/DISC: 07/18/2022 11:18 AM