Macquarie Capital sets up new asset creation team

Macquarie Capital has launched a new asset creation and management team to oversee projects across their entire lifecycle.

According to a statement from the Green Investment Group, which leads Macquarie Capital’s efforts in the renewables space, the team will support projects from development into construction and operations. Its existing portfolio management team will become part of the new segment, the creation of which is thought to be motivated by a desire to have a more streamlined approach to assets within the group, rather than having separate delivery and asset management teams.

Although the revamped unit is principally based in Macquarie’s Green Investment Group, it is believed to be responsible for infrastructure and energy projects across the Macquarie Capital portfolio. Macquarie declined to comment on the creation of the unit beyond its initial statements.

The unit will be led by Ole Bigum Nielsen, who will begin his role at the beginning of September after joining from his role as head of project delivery and construction at Norwegian energy group Statkraft. Nielsen is also a former chief executive of Vattenfall Vindkraft, the wind energy unit of the Swedish utility, and will be responsible for the delivery of GIG’s offshore wind projects.

Marc Costa-Ros has been added to the asset creation and management team as a senior vice-president. He has joined from The Renewables Consulting Group and will provide due diligence on renewables projects.

GIG has also hired Chris Morrison to lead its efforts in distributed energy and energy technology in Europe. Morrison joins from Vitol, where he was responsible for the company’s energy storage projects in the UK.