EnergyWatch

GIG buys offshore wind rights in Swedish waters

Macquarie's renewable energy affiliate swims deeper into Scandinavian waters by acquiring development rights for an offshore wind project set to commission in 2024.

Der er flere havvindparker på vej på den anden side af Anholt. | Photo: Jens Dresling

Three years back, Australian investment bank Macquarie faced heavy public criticism and even exclusion for its complicity in the European cum-ex dividend tax scam – a scandal that also made the bank's green infrastructure investor, Green Investment Group (GIG), faux pas for several partners including Ørsted, which, after completing a major farm-down sale of an offshore wind farm to the bank, said it would suspend further collaboration for the time being.

Now it seems Macquarie can handle its own projects – also in the Danish power utility's backyard. A month back, GIG announced plans to team up with Norwegian companies Vårgrønn and Agder Energi to submit a joint tender bid to develop Norway's Sørlige Nordsjø II. Now GIG involves itself even further in regional offshore development by purchasing a rights for the Kattegatt project 15 kilometers off Sweden's western coast.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs