1. Progress Report 2021
    1. Welcome from Mark Dooley
    2. Year in review
      1. Impact and activity
      2. WHSES
      3. Spotlights
      4. Funds under management
    3. Macquarie Group
    4. Working in partnership
    5. Governance
      1. Governance overview
      2. GPC: Annual letter
      3. Commitment to net zero
    6. Green Impact
      1. Green impact overview
      2. Green impact statements
      3. Independent assurance report
    7. Keeping in touch
Transportation of wind turbine blade at dusk
Transportation of wind turbine blade at dusk

Corporate

Progress Report 2021

05 October 2021

Global impact and project activity

Our activity

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Activity across the globe

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Our green impact

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With over 30 GW of capacity under development across more than 240 projects, GIG is one of the world’s leading green investors and developers.

In addition to this, other parts of Macquarie Group are supporting a further 20 GW of green energy projects in construction or operations. Collectively Macquarie has invested or arranged over $A63 billion in green energy projects since 2010.

Our activity

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In development

240+ projects

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Total global development pipeline1

30+ GW

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450 staff operating under GIG brand in2

25 markets

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Committed or arranged to support green energy projects, including almost £1 billion* during the period3

£25+ billion

Investing across the globe

During the period September 2020 to August 2021, we invested in green energy projects and businesses across Europe, North America and Asia Pacific; we accelerated the deployment of mature technologies, such as solar and wind, and next generation energy solutions, including hydrogen, battery storage and e-vehicle charging; and despite challenges posed by the ongoing COVID-19 pandemic, our projects continued to meet important development milestones.

Explore the map below to find out more about our global activities.

Click on the region of interest, then click on the individual waypoints to see more information on our activities. Zoom in on a region to click, if required.

Notes on map

  • Waypoints are indicative of location
  • Cero Generation, Blueleaf Energy and Savion are GIG portfolio companies operating on a stand-alone basis
  • UK Climate Investments (UKCI) is a joint venture between GIG and the UK Government’s Department for Business, Energy and Industrial Strategy (BEIS)
  • Assets marked on the map may no longer be part of the GIG portfolio

Our green impact

Green impact from investments in the year4

Green impact from all investments to date6

Greenhouse gas emissions avoided

28,734 kt CO2e

Equivalent to removing over 380,000 cars from the road5

222,009 kt CO2e

Equivalent to removing nearly 3 million cars from the road5

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Green impact from investments in the year4
 28,734 kt CO2e

Equivalent to removing over 380,000 cars from the road5
Green impact from all investments to date6 222,009 kt CO2e

Equivalent to removing nearly 3 million cars from the road5

Renewable energy generated

35,115 GWh

Equivalent to meeting the electricity needs of nearly 270,000 homes7

589,691 GWh

Equivalent to meeting the electricity needs of over 5.5 million homes7

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Green impact from investments in the year4 35,115 GWh

Equivalent to meeting the electricity needs of nearly 270,000 homes7
Green impact from all investments to date6 589,691 GWh

Equivalent to meeting the electricity needs of over 5.5 million homes7

Waste to landfill avoided

19,266 kt

Equivalent to eliminating the landfill of over 830,000 households8

134,077 kt

Equivalent to eliminating the landfill of 5.8 million households8

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Green impact from investments in the year4 19,266 kt

Equivalent to eliminating the landfill of over 830,000 households8
Green impact from all investments to date6 134,077 kt

Equivalent to eliminating the landfill of 5.8 million households8
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Footnotes

*This year, GIG committed or arranged £752 million into projects reaching Final Investment Decision (FID) or in operation. In addition to this, GIG also provided over £200 million of development and operational funding to our 30+ GW development pipeline, reflecting our increasing engagement in the earlier stages of the project lifecycle.

  1. Includes projects developed directly by GIG or through operating platform.
  2. Includes Macquarie Group employees operating under the GIG brand and operating platform employees, as defined above.
  3. Combining historic activity where UK Green Investment Bank (GIB), Green Investment Group (GIG) or Macquarie Capital have committed their own funds or arranged third-party capital and/or financing.
  4. All green impact data is for the period 1 April 2020 to 31 March 2021 and reported on a 'projected lifetime' basis.
  5. For 25 years, calculation based on standardised petrol vehicle efficiency and mileage. 
  6. Combining historic activity to 31 March 2021 where GIB, GIG or Macquarie Capital have contributed equity or debt, and reported on a 'projected lifetime' basis.
  7. For 25 years, calculation based on country specific data (Enerdata).​
  8. For 25 years, calculation based on UK benchmark numbers.