Corio nominated for Offshore Developer of the Year
Corio Generation has been shortlisted for two categories at the 2023 Wind Investment Awards.
The annual Wind Investment Awards celebrate best practice in the global wind industry across innovation, financing, project development and asset management.
Launched just under a year ago as a specialist new brand in offshore wind, Corio is now recognised as one of the industry’s biggest names.
Corio has been shortlisted in the Wind Investment Awards for:
Offshore Developer of the Year
Equity Deal of the Year - Corio Generation’s partnership with Ontario Teachers’
The awards, hosted by global renewable energy and clean technology community, Tamarindo, unite prominent decision-makers to enable opportunities to network and forge long-term business connections.
Read more: The Wind Investment Awards
Macquarie’s Green Investment Group launched Corio as one of world’s largest specialist offshore wind developers in April 2022. Led by CEO Jonathan Cole, Corio combines world leading industrial and financial expertise to meet the significant future demand for offshore wind projects.
The business today has a project pipeline of over 20 GW. Our global team of offshore wind specialists take projects from origination, through development and construction, and into operations.
Working in established and emerging markets, with floating and traditional fixed-bottom technologies, our projects support local economies while meeting the energy needs of communities and corporate offtakers sustainably, reliably, safely and responsibly.
In May 2022, Corio entered into a joint venture with leading global investor Ontario Teachers’ Pension Plan Board (Ontario Teachers’) to fund the development of an initial portfolio of up to 9 GW in offshore wind projects.
Under the deal, Ontario Teachers’ acquires up to half of Corio’s stake in these projects, supporting development, construction and operation. Corio and Ontario Teachers’ are also exploring opportunities to expand the partnership through the creation or acquisition of new projects. In total, the partnership represents an investment of up to US$1 billion in development capital from Ontario Teachers’.
On announcing the deal, Jonathan Cole, CEO, said: “Corio Generation is committed to accelerating the deployment of renewable energy by delivering its global portfolio of offshore wind projects. This partnership with Ontario Teachers’ represents a highly significant milestone on our journey and demonstrates Corio’s capability to bring together a large-scale global portfolio, a team of industrial experts and world-class investment partners. With this collaboration with Ontario Teachers’, Corio will generate vast amounts of clean, affordable electricity and support thousands of green jobs, while providing attractive returns on investment.”
Read the press release: Ontario Teachers’ to pursue global offshore wind development.
About us
Corio Generation is a specialist offshore wind business dedicated to harnessing renewable energy worldwide. With a unique blend of sector-leading expertise and deep access to long-term capital, we work closely with our partners in the creation and management of projects from origination, development and construction, and into operations.
Our 20+ GW offshore wind development portfolio is one of the largest in the world, spanning established and emerging markets, as well as floating and traditional fixed-bottom technologies. These next generation offshore wind projects will help form the backbone of the net-zero global energy system while meeting the energy needs of communities and corporate offtakers sustainably, reliably, safely and responsibly.
Corio Generation is a portfolio company of Macquarie Asset Management operating on a standalone basis.
For more information visit coriogeneration.com and follow us on Twitter @CorioGeneration