Macquarie Transfers Corio and Cero to Corporate Arm
Macquarie Asset Management has moved control of its balance-sheet green energy platforms, Corio and Cero, to Macquarie Group’s corporate center. This strategic shift comes as the offshore wind sector faces increasing challenges.
"Macquarie Asset Management has handed control of its balance-sheet green energy platforms to Macquarie Group’s corporate centre amid headwinds for the offshore wind sector."
Context and Implications
The transfer likely aims to centralize oversight and optimize responses to difficulties in the offshore wind market, reflecting a cautious approach to asset management in the renewable energy space.
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Author's summary: Macquarie is reallocating its offshore wind energy platforms internally to better manage current sector challenges and improve corporate oversight.