GIG Launches Cero With 8 GW Solar Development Portfolio

• GIG has announced the launch of Cero Generation as a new solar PV development platform focused on Europe
• It consolidates GIG's existing and future European solar activities into a total 8 GW portfolio
• Cero will develop, finance, build, operate utility scale solar, on-site PV generation assets with integrated storage

Global investment and fund manager Macquarie Group's Green Investment Group (GIG) has launched a new solar energy development platform for Europe claiming more than 8 GW under its belt. The new entity called Cero Generation consolidates the company's existing and future European solar activities.

The massive project portfolio comprises more than 150 projects in the 6 markets of the UK, Italy, Spain, Poland, France and the Netherlands. Led by CEO Nikolaj Harbo, Cero will develop, finance, build, own and operate on-site behind-the-meter solar generation assets for commercial and industrial customers. At the same time, it will develop ground mounted, utility scale projects. Integrated storage is also part of its business activities.

"In just 2 years, GIG created one of Europe's largest solar development portfolios and assembled a world-class team of experts," said Harbo. 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."

The introduction of Cero Generation follows GIG's launch of its North American utility scale solar and energy storage entity Savion LLC in November 2019, also with 8 GW pipeline (see New PV & Storage Development Entity In US). For Asia Pacific region, GIG acquired Conergy rebranding it as Blueleaf Energy (see Singapore's Conergy Now Blueleaf Energy).

"Together with Cero, these platforms are progressing a global pipeline of over 20 GW of solar energy projects," explained GIG.

In October 2020, GIG and Siemens launched Calibrant Energy to offer distributed generation services for US corporations (see Another Distributed Generation Entity For US Market).