A global financial services group, Macquarie, via its Commodities and Global Markets group, has agreed to acquire 100% of Erova Energy Group. Headquartered in Dublin and London, Erova is active in renewable asset optimisation across Ireland, the UK, and Europe. It manages PPAs, market access, balancing, and meter registration services, and recently entered energy supply for industrial clients in Ireland. The company supports renewable energy producers by managing price risk and ensuring grid compliance. With ten years of regional growth, Erova is positioned to scale further with Macquarie’s capital and global energy market expertise. Its four founders and Mitsui & Co., Ltd. are current shareholders, with the founders remaining in senior roles. The transaction is subject to closing conditions. Erova will continue to operate from its existing offices post-acquisition.Prior to this acquisition, Macquarie had backed Redeux Energy with a $30 million credit line, aimed at accelerating US solar projects.