New offshore wind specialist launches in UK


United Kingdom – Macquarie’s Green Investment Group (GIG) intends to launch Corio Generation, a new offshore wind specialist.

Corio will begin operations in April 2022, with a project pipeline of more than 15 GW, making it one of the world’s largest.

Corio, a GIG portfolio company that operates independently, will take projects from conception to completion, including development and construction. Corio will take a long-term partnership approach to project development and management, backed by access to long-term capital from both Macquarie and third parties.

Developing new assets

GIG’s existing portfolio, which includes previously announced projects in the UK, Europe, Taiwan, Korea, and Australia, will be continued by Corio. The company will also look for new ways to develop world-class offshore wind assets that benefit local economies.

Jonathan Cole, the CEO of Corio, will join the company after more than a decade as the head of Iberdrola’s offshore wind business.