Kattegatt is one of the only three consented projects in Sweden, and is expected to reduce the country’s CO2 emissions by up to 49kt per annum
GIG acquires Kattegatt offshore wind farm. (Credit: Nicholas Doherty on Unsplash.)
Macquarie’s Green Investment Group (GIG) has acquired the rights for the 260MW Kattegatt offshore wind project from Swedish engineering services company Agrivind for an undisclosed amount.
The development-stage offshore wind facility will be located off the coast of the Falkenberg municipality, Sweden.
Once operational, Kattegatt wind project is anticipated to produce adequate electricity to power an estimated 95,000 households.
According to the company, Sweden’s aim to produce 100% of its electricity from renewable energy by 2040 is expected to boost the offshore wind capacity in the country.
Swedish electricity transmission system operator Svenska kraftnät predicts that the country’s current offshore wind operational capacity of 191MW to increase to 4GW by 2035.
Kattegatt is one of the only three consented projects in Sweden, and is expected to reduce the country’s CO2 emissions by up to 49kt per annum.
Wind Sweden, which previously supported Agrivind on the development of the Kattegatt project for over three years, is also expected to continue its support to GIG.
GIG is a renewable energy developer with a with a global offshore wind development pipeline of around 14GW.
The company is working with Vårgrønn and Agder Energi to bid into the upcoming Norwegian Sørlige Nordsjø II tender, to deliver up to 3GW of new offshore wind capacity.
GIG UK and Europe head Edward Northam said: “The Kattegatt Wind Farm is set to be a key development for the Falkenberg municipality, and for Sweden’s burgeoning offshore wind sector.
“Offshore wind can help Sweden meet its climate goals and diversify its electricity supply, while supporting jobs and creating economic opportunities.
“We are delighted to be developing this exciting project and look forward to engaging with the local community on the next phase of the Kattegatt Wind Farm’s journey.”
Last month, GIG has acquired Fuinneamh Sceirde Teoranta, the company developing the proposed 400MW Sceirde Rocks offshore wind farm project in Galway, Ireland.