The UK-based infrastructure investment company Green Investment Group (GIG), which is owned by Macquarie, has acquired the rights to the Kattegat offshore wind farm in Sweden.
The wind project is located outside Falkenberg municipality in the Halland region.
It was acquired from Agrivind, an engineering company based in Sweden, for an unknown sum.
The Kattegatt wind farm is currently under development and is expected to have an installed capacity of up to 260 MW.
The project will generate enough electricity to power more than 95,000 homes in the region when it is operational.
It is estimated that the project will reduce Sweden’s total carbon dioxide emissions by up to 49,000 tonnes per year.
For more than three years, Wind Sweden has supported Agrivind in the development of Kattegatt wind projects by working with local stakeholders.
Wind Sweden will continue to support GIG in the development of the wind farm.
GIG has also said that it will continue its collaboration with the local community and the supply chain to support jobs and investment opportunities throughout Halland.
GIG The UK and Europe’s head Edward Northam said: “The Kattegat wind farm will be a key development for Falkenberg municipality and for Sweden’s growing offshore wind sector.
“Offshore wind can help Sweden meet its climate goals and diversify its electricity supply while supporting jobs and creating economic opportunities.”
Sweden aims to generate all its electricity from renewable energy by 2040. To achieve this goal, the country is expected to install more offshore wind power.
The country’s operational offshore wind power capacity currently amounts to 191 MW. The electricity transmission system operator Svenska kraftnät has proposed that this can reach 4GW 2035.
Last month, GIG acquired the Irish company Fuinneamh Sceirde Teoranta, which is developing the proposed Sceirde Rocks wind farm in Galway, Ireland.