Energy
| Sector | Energy |
| Sub-sector | Renewables |
| Location | UK and Ireland |
Founded in 2015, Erova Energy Group’s (Erova) technology-backed asset optimisation platform provides tailored route-to-market solutions to a growing portfolio of wind, solar, waste-to-energy, and battery storage assets across the UK and Ireland.
By offering four key services – power purchase agreements (PPAs), route-to-market, balancing services and energy supply logistics – Erova simplifies operations and reduces complexity for its customers. This comprehensive approach delivers a competitive edge in a fast-growing market.
After a decade of growth, Erova sought enhanced credit support and stronger market access to provide larger, long-term PPAs and expand into new geographies.
The acquisition brings together Erova’s advanced trading technology and long-term customer relationships with Macquarie's Commodities and Global Markets business’ two decades of global experience across energy, renewables, and emissions markets.
Outcome
By integrating Erova to Macquarie’s global energy network – spanning renewable assets, advisory services, and energy and emissions trading – the business is positioned to expand its renewable portfolio in the UK and Ireland while exploring new opportunities across Europe.
Macquarie’s credit support enables Erova to broaden its services to a wider client base, with the ability to participate in larger PPA tenders and secure fixed-price contracts.
The acquisition strengthens Macquarie’s capabilities in providing risk management solutions to renewable energy users.
in PPAs, balancing services, route-to-market and energy logistics
of renewables currently under management
reach to new geographies across Europe
Erova represents a unique opportunity to leverage the expertise of our Commodities and Global Markets business to scale a proven, renewable energy platform.”
Rishil Patel
Managing Director
Commodities and Global Markets
