Macquarie Asset Management, a top 50 global asset manager and the world’s largest manager of infrastructure, announced that it has provided €100 million of debt financing to Green Bidco SpA, the controlling company of renewable energy developer and operator Falck Renewables.
Based in Milan, Italy, Falck develops, owns and operates renewable energy plants in the US and Europe, including wind, solar, waste-to-energy, biomass, and energy storage projects. With over 1.2 GW of installed capacity, the company estimates that its current portfolio avoids approximately 550,000 tons of CO2 emissions annually.
The acquisition follows the recent announcement by Macquarie that the firm’s green infrastructure and energy transition-focused investment platform, Green Investment Group (GIG), will operate as part of Macquarie Asset Management, citing the substantial growth in opportunities and investment appetite in GIG’s areas of focus. Last year, MAM also announced a commitment to manage its portfolio in line with net zero by 2040.
Alice Pulbrook, Senior Vice President at Macquarie Asset Management, said:
“With the energy transition front of mind for investors, we are very pleased to provide this financing. The investment represents a valuable opportunity for our clients to back the continued development of more sustainable, low-carbon energy solutions and technologies.”
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