Macquarie’ Green Investment Group (GIG) unit launched what it is billing as one of Europe’s largest solar developers when it took the wraps off new standalone unit Cero Generation.

Cero, which starts life with an 8GW development portfolio, draws together GIG’s European PV activities, including 150 projects spanning the UK, Italy, Poland, France and the Netherlands.

The new business will advance utility-scale and on-site generation, along with associated energy storage systems, said GIG, the green investment arm of global finance giant Macquarie.