M&A: Macquarie to offer Cero Generation for sale later in 2024

Macquarie Asset Management is understood to be readying the sale of its European solar development platform Cero Generation.

The investor is aiming to launch the disposal, which is believed to be for 100% of the business, before the end of 2Q24, according to market sources.

Macquarie, which formed the business in early 2021, is understood to be working with Goldman Sachs as sell-side financial adviser on the sale.

Cero Generation is developing a circa 25 GW portfolio across eight European markets:

• 8 GW in the UK

• 5 GW in Greece

• 3.5 GW in Poland

• 3 GW in France

• 2.5 GW in Spain

• 2 GW in Italy

• 100 MW in Germany

• 60 MW in the Netherlands

The group has to date brought around 350 MW into operation.

Macquarie declined to comment when contacted.

*This story was originally published exclusively for Energy Rev subscribers.

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