MET Development and Macquarie Capital Forge Collaboration to Ramp up Energy Transition Projects in Italy and Europe

It was reported that MAIRE's project development subsidiary, MET Development (MetDev), entered into an agreement with Macquarie Capital, a part of the Macquarie Group. The purpose of the agreement is to create a platform that focuses on the development, construction, and operation of energy transition projects both in Italy and across Europe.

It was understood that the two companies had mutual intentions to launch this platform. The proposed structure would involve a new holding company, in which Macquarie Capital would have an 80% controlling stake and MetDev would hold the remaining 20%.

There is an anticipation that this new entity would leverage MAIRE's capabilities in delivering sophisticated energy transition projects, utilizing their technology, engineering, and project development skills. This would be combined with the niche expertise of Macquarie Capital in the sector. It was noted that the Macquarie Group, known for its investments and advisories in the infrastructure and renewable energy spaces, has been involved in over 100 GW of renewable energy projects.

The targeted focus for this collaboration is expected to span various sectors. These sectors may include the chemical recycling of waste to yield sustainable fuels and hydrogen, as well as solutions related to green or low carbon hydrogen and captured CO2, which could involve fertilizers.

The approach to these projects might rely on a non-recourse capital structure, backed by secure long-term supply contracts and offtake agreements. It was further highlighted that MAIRE might be the technology provider and E&C contractor, drawing on Macquarie Capital's extensive know-how in infrastructure and energy asset management.

Alessandro Bernini, who leads MAIRE Group, expressed his enthusiasm about the partnership with Macquarie Group. He sees this collaboration as a testament to MAIRE's pivotal role in the energy transformation journey. Meanwhile, Roberto Purcaro, who oversees complex opportunities at Macquarie Capital Italy, emphasized the significance of such collaborations in accelerating the energy transition process, specifically in the European context.

According to the article by Procurement Resource, MET Development (MetDev), a subsidiary of MAIRE, and Macquarie Capital have agreed to form a platform focused on the development, construction, and operation of energy transition projects in Italy and Europe. The new holding company will see Macquarie Capital with an 80% stake and MetDev with 20%.

This collaboration aims to combine MAIRE's expertise in energy transition projects with Macquarie Capital's specialization in infrastructure and renewable energy. The joint venture will focus on sustainable fuels, green hydrogen, and captured CO2 solutions, leveraging MAIRE's technology and Macquarie Capital's infrastructure knowledge. Both companies have expressed excitement about the partnership's potential in driving Europe's energy transition.