Macquarie completes Hydro Rein deal
- Admin
- Jun 24, 2024
- 1 min read
Macquarie Asset Management has finalized its investment in a 49.9% stake in renewable energy provider Hydro Rein from Hydro for approximately US$332m. Hydro Rein supplies the industrial sector and Macquarie’s investment, first announced in October 2023, will be held by the Macquarie Green Energy and Climate Opportunities Fund to help finance Hydro Rein’s pipeline of projects in construction and development. Hydro Rein has 8.4GW gross capacity in development across its core markets in the Nordics and Brazil. They have strong industrial partnerships and work towards decarbonising industries like automotive with renewable energy solutions.
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