Renewable Energy M&A: Macquarie taps Goldman Sachs to sell Cero Generation, valued at €1.5 bn, with a 25 GW portfolio

published on 21 December 2023
cerogen-qedim

Cero Generation, Macquarie's flagship renewable platform, has quickly become the largest of its kind in southern Europe. With a strong Spanish influence, led by CEO Marta Martínez Queimadelos, the company is poised to revolutionize the industry. Boasting a staff of 40 in Spain alone, Cero Generation is well-positioned to drive the transaction forward.

Cero Generation's impressive portfolio includes a 100 MW photovoltaic plant in Extremadura, Spain, which has been operational since 2022. Additionally, the company has 2.6 GW of projects in progress in the Spanish market. With over 370 projects spread across eight European countries, Cero Generation is a force to be reckoned with. From Italy to Greece, Germany to France, the company's presence is felt far and wide. Interactive elements like images and infographics can help visualize the scale and impact of Cero Generation's projects.

The practical implications of the Cero Generation's endeavors are vast. By investing in joint ventures and strategic partnerships, the company is expanding its reach and influence. For example, the collaboration with Wattcrop in Greece has resulted in 480 MW of development and an additional 750 MW in the early stages. By sharing expertise and resources, Cero Generation is driving the growth of renewable energy across Europe. A brief case study or real-world example can illustrate the tangible benefits of their approach.

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The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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