Macquarie-Backed Corio Offshore Wind Developer Initiates Layoffs Amid Industry Challenges

Corio Generation, an offshore wind developer backed by Macquarie Group, has announced significant staff layoffs as it faces increasing difficulties in the booming renewable energy sector. The decision to reduce its workforce is seen as a response to a combination of regulatory hurdles and financial pressures that have begun to weigh on the company's operations and future growth plans.

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