Australian financial conglomerate Macquarie Group’s green investment unit announced plans to launch on offshore wind energy business, with operations set to begin in April 2022.

The world’s largest infrastructure bank, Macquarie, said the new wind energy business, Corio Generation, will be part of Macquarie’s Green Investment Group (GIG) and will consist of a global pipeline of 15 gigawatts (GW), one of the largest in the world.

GIG was acquired by Macquarie from the British government in 2017 and currently has clean energy projects under development to generate almost 35GW of energy. GIG has an existing 50 billion euros, 15GW development pipeline—sufficient to power about 14.8 million homes—and GIG plans to add at least 1GW every year.

Macquarie has hired Iberdrola’s former head of its offshore wind business, Jonathan Cole, as chief executive and Orsted Wind Power’s former chief, Samuel Leopold, as chair to lead the green energy subsidiary.

Macquarie hopes to attract long-term investors such as pension funds to fund new projects and involve existing wind farm makers in the construction. The infrastructure bank will also provide a part of the financing, around 30-35 percent of the overall generation cost.

Corio Generation will be headquartered in the UK with offices in Edinburgh and London. The green energy firm will be active in several European markets and Australia, Japan, Korea, and Taiwan. Macquarie said the firm would also explore opportunities to enter the Americas.