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Macquarie Capital joins US government healthcare solar-storage initiative

October 24, 2023

Macquarie Capital, the principal investing arm of Macquarie Group, has joined a US government initiative to improve energy efficiency, emissions and energy resilience across the healthcare sector by implementing on-site solar panels, microgrids, battery storage, backup generation with cleaner fuels, and EV charging for vehicle fleets.

Macquarie Capital has “committed to support up to $US300 million” in renewable energy project developments for hospitals and hospital systems.

Led by the White House Office of Clean Energy Innovation and Implementation in conjunction with the US Department of Health and Human Services, the initiative supports healthcare systems, investors and industry in leveraging grants and tax credits under the US Inflation Reduction Act (IRA) to finance and develop energy efficiency projects for critical healthcare hubs.

Healthcare facilities are increasingly seeking critical operational upgrades that improve the resiliency of their services while reducing their operating costs and emissions. 

“As a developer of both energy and healthcare infrastructure, Macquarie Capital sees significant opportunity for projects in the safety-net healthcare space that can reduce energy costs and lower emissions while providing increased resiliency and attractive returns to investors,” said John Pickhaver, Macquarie Capital’s head of infrastructure & energy capital for the Americas. “Macquarie’s commitment to this program will expand our portfolio of development activities to benefit communities across the United States.”