Macquarie Asset Management’s Green Investment Group Completes Investment in Galehead Development
Summary
GIGs investment will allow Galehead to advance a further 6 GW of early to mid-stage renewable energy projects, enter new markets and explore new commercial applications for its LandCommand\xae platform. Our partnership enables us to expand GIGs footprint in the US and marks the start of an exciting new phase in our work to accelerate the transition to net zero.GIG is a specialist green investor within Macquarie Asset Management, and a global leader in the development of companies, assets and technologies that aim to accelerate the global transition to net zero. The asset manager oversees investments in more than 46 GW of capacity, and through GIG and its portfolio companies, is currently developing over 30 GW of renewable energy capacity globally.Macquarie Asset Managements Green Investment Group is an ideal long-term capital partner for Galehead to advance our vision for developing a century of Impact Infrastructure. GIGs capital commitment strengthens Galeheads balance sheet, access to institutional resources and our internal capabilities for delivering transformative clean energy projects to our downstream partners, added Galehead COO Patrick Martin.Already an established market for renewable energy with 37 GW installed during 2021, we believe the US is set for further strong growth over the course of this decade. Since 2016, Galehead has employed its proprietary LandCommand\xae technology to form strong partnerships with downstream partners to jointly develop solar PV, wind and co-located storage projects.