MAIRE and MACQUARIE join forces for energy transition projects across Europe
Published by Jack Roscoe,
Editorial Assistant
World Fertilizer,
MAIRE have announced that its project development subsidiary, MET Development (MetDev), has signed a memorandum of understanding (MoU) with Macquarie Capital (part of Macquarie Group) to set-up a new platform aimed at developing, constructing, and operating energy transition projects in Italy and across Europe.
Both companies have agreed to work together towards launching the platform, which is intended to act through a newly incorporated holding company controlled by Macquarie Capital (80%) and participated by MetDev (20%). The new company would combine MAIRE’s ability to deliver complex projects in the energy transition, relying upon its technologies, engineering and project development capabilities, with Macquarie Capital’s specialist sectoral expertise. Macquarie Group is a leading investor and advisor in the infrastructure and renewable energy sectors. With more than 100 GW of renewable energy projects, it has a strong track record of working with stakeholders in the public and private sectors to support and scale energy transition solutions.
The platform is expected to focus on key sectors ranging from the chemical recycling of waste to produce sustainable fuels and hydrogen, to all green or low carbon hydrogen and captured CO2 solutions, including fertilizers.
Projects are likely to be based on a non-recourse capital structure, relying upon secured long-term supply contracts and offtake agreements, with MAIRE to act as technology provider and E&C contractor, leveraging Macquarie Capital’s expertise in developing, financing and managing infrastructure and energy assets.
Alessandro Bernini, CEO of MAIRE Group, commented: “We are excited to start this collaboration with Macquarie Group, enabling to start the engines of several energy transition projects across Europe. This is a further recognition of MAIRE’s forefront position in supporting the transformation of the energy system, thanks to our know-how in sustainable technology solutions and our project development expertise, as envisaged in our ten-year growth plan.”
Roberto Purcaro, Global Head of Complex Opportunities and Head of Macquarie Capital Italy, said: “This partnership is an example of how leading players in their respective fields can work together to develop new approaches to accelerate the energy transition. We are excited to begin working with MAIRE to create practical climate solutions that will support the decarbonization of both the Italian and European economies.”
Read the article online at: https://www.worldfertilizer.com/project-news/22092023/maire-and-macquarie-join-forces-for-energy-transition-projects-across-europe/
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