Macquarie Asset Management’s Green Investment Group (GIG) announced today an investment in US-based renewable energy development platform Galehead Development, aimed at helping the company advance 6 GW of renewable energy projects and commercialize its geospatial and land analytics platform.
Founded in 2016, Galehead provides technology and services platform for planning, management and delivery of greenfield energy transition-focused development projects, including solar, storage and wind. for the energy transition. The company’s platform, LandCommand, utilizes geospatial and land analytics to accelerate market analysis and greenfield development.
Matt Marino, Galehead CEO, said:
“Macquarie Asset Management’s Green Investment Group is an ideal long-term capital partner for Galehead to advance our vision for ‘developing a century of Impact Infrastructure.’ We are proud to continue the long tradition of GIG’s pioneering investments in the energy transition, and we are excited about working together to expand the Galehead platform.”
Galehead has developed and monetized 5GW of projects since inception, and is actively involved in the development of an additional 4 GW. Proceeds from the investment will be used to advance a further 6 GW of early to mid-stage renewable energy projects, enter new markets and explore new commercial applications for the LandCommand platform.
GIG stated that the partnership will support its strategy of owning both development and operating-phase renewable energy assets.
Mark Dooley, Global Head of Green Investment Group, said:
“The US renewables market is embarking on a period of enormous growth, driven largely by the core renewable technologies of solar and wind. With its proven track-record and strong pipeline of early- to mid-stage development projects, Galehead is well positioned to be at the forefront of this growth. Our partnership enables us to expand GIG’s footprint in the US and marks the start of an exciting new phase in our work to accelerate the transition to net zero.”