GIG acquires the Kattegatt Offshore Wind development project in Sweden

Macquarie’s Green Investment Group (GIG) has acquired the rights for the Kattegatt Offshore Wind Farm (Kattegatt) from Agrivind AB. Situated off the coast of the Falkenberg municipality, Sweden, the development stage project is anticipated to have an installed capacity of up to 260 MW. Once operational, it will produce enough electricity to power the equivalent of an estimated 95,000 homes.

Sweden has a target to produce 100% of its electricity from renewable energy by 2040^. To help meet this target, significant growth in Sweden’s offshore wind capacity is predicted. While the country’s current offshore wind operational capacity stands at just 191 MW, Svenska kraftnät has suggested it could reach 4 GW by 2035. As one of only three consented projects, the Kattegatt Wind Farm project is playing a leading role in this fast-growing market. Once operational, it is estimated the project will reduce Swedish carbon emissions by up to 49 kt CO₂e emissions per annum.

Wind Sweden will continue to support GIG in the development of Kattegatt. Wind Sweden has supported Agrivind AB and worked closely with local stakeholders on the development of the project for over three years. GIG is committed to continuing this close engagement with the local community and working with the local supply chain wherever possible to support employment and investment opportunities across Halland.

GIG is a leading renewable energy developer with a mission to accelerate the green transition. With a global offshore wind development pipeline of c. 14 GW, it is one of the world’s largest offshore wind developers. In addition to bidding into new offshore wind tender rounds in Scotland and France, GIG also recently announced it is working with Vårgrønn and Agder Energi to bid into the upcoming Norwegian Sørlige Nordsjø II tender, which seeks to deliver up to 3 GW of new offshore wind capacity.

"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," said Edward Northam, Head of GIG, UK and Europe.