Macquarie Considering Selling Corio Generation?

Australia-based offshore wind and renewable energy investor Macquire is reportedly considering the sale of its offshore wind portfolio company Corio Generation.

Reuters reported on 1 October that Macquarie had engaged advisors for a potential sale of Corio, citing sources with knowledge of the matter.

OffshoreWIND.biz reached out to Corio Generation but the company declined to comment.

Macquarie established Corio Generation in April 2022 as a portfolio company of Macquarie Asset Management operating on a standalone basis.

According to information on Corio’s website, the developer currently has an offshore wind project pipeline of 30 GW.

The London-headquartered company is developing offshore wind farms in Europe, Asia Pacific and the Americas regions, with projects involving both fixed-bottom and floating wind technologies.