Macquarie’s Green Investment Group Launches New European Solar Energy Company, Cero Generation

  • Cero Generation will deliver utility-scale and on-site generation projects, as well as integrated energy storage solutions, across Europe
  • With more than 8 GW under development across 150 projects, Cero is launched with one of Europe’s largest solar development portfolios.

Macquarie’s Green Investment Group (GIG) launches Cero Generation (Cero), a specialist solar energy company working across Europe to support the transition to a net-zero future.


Consolidating GIG’s existing, and future, European solar activities, Cero is home to one of the largest solar development portfolios in the region. Its current 8 GW portfolio contains over 150 projects located in the UK, Italy, Spain, Poland, France and the Netherlands.


Based across these six markets, Cero’s team of over 40 energy experts work alongside local partners to bring world class industrial, commercial and technical expertise to its projects and clients. The team, led by CEO Nikolaj Harbo, is drawn from GIG’s highly experienced European development team.


“The launch of Cero Generation marks an important milestone in GIG’s ambition to create Europe’s leading solar development company. An agile, flexible, development-focused business, backed by the global expertise, resources and reach of GIG, Cero is the perfect vehicle to propel us forward to the next stage of that journey.”
said Edward Northam, Head of GIG, UK and Europe

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Nikolaj Harbo, CEO, Cero Generation said “In just two years, GIG created one of Europe’s largest solar development portfolios and assembled a world-class team of experts. Our ambition is to continue on this phenomenal growth trajectory, transforming Cero into Europe’s leading solar energy company, and helping deliver the continent’s net-zero ambition.”

Working across the project lifecycle, from development through construction and into operations, Cero specialises in the delivery of utility-scale projects, onsite generation and integrated storage.

Cero’s ground mounted, utility-scale projects offer strategic and financial investors opportunities to acquire ready-to-build, or fully commissioned, high-quality, high-performance solar generation assets. Through its on-site, behind the meter projects, Cero develops, finances, builds, owns and operates assets for commercial and industrial customers to help them reduce energy bills, enhance reputation and achieve decarbonisation goals.

In North America and the Asia-Pacific region, GIG’s solar development activities are delivered through Savion LLC and Blueleaf Energy respectively. Together with Cero, these platforms are progressing a global pipeline of over 20 GW of solar energy projects.

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Cero is a GIG portfolio company, operating on a stand-alone basis.

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