Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group, joined a U.S. government initiative to improve energy efficiency, emissions and energy resilience across the healthcare sector, with a focus on safety-net providers in economically disadvantaged communities. Macquarie Capital has committed to support up to $300 million in renewable energy project developments for hospitals and hospital systems designated as key priorities under the initiative.

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

“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,” John Pickhaver, head of infrastructure & energy capital (IEC) for the Americas at Macquarie Capital, said. “Macquarie’s commitment to this program will expand our portfolio of development activities to benefit communities across the United States.”

Healthcare facilities are increasingly seeking critical operational upgrades that improve the resiliency of their services while reducing their operating costs and emissions. On Oct. 20, Macquarie Capital participated in a roundtable hosted by the White House and the U.S. Department of Health and Human Services aimed at supporting the healthcare sector in leveraging the IRA. The roundtable addressed ways financial institutions, philanthropic organizations and industrial enterprises can help healthcare facilities achieve energy resilience by implementing on-site solar panels, microgrids, battery storage and backup generation with cleaner fuels, along with EV charging for vehicle fleets.