Macquarie’s Green Investment Group (GIG) and Scottish offshore wind developer Renewable Infrastructure Development Group (RIDG) are partnering to compete in ScotWind, the next round of seabed leasing for offshore wind development off the Scottish coast.
GIG has supported 16 offshore wind projects representing more than 4.5 GW of operating capacity. Established three years ago, RIDG has entered the offshore wind market specifically to identify and develop large-scale projects that will create significant opportunities for the Scottish supply chain and the economy. In January RIDG announced its intention to enter the ScotWind process and to work collaboratively with the Scottish supply chain through the deployment of its alignment model.
GIG Europe head Ed Northam said, “We are making our earliest commitment in UK offshore wind so far. Our flexible approach to investment is perfectly complemented by our partnership with RIDG.”
RIDG commercial manager Mike Hay said, “RIDG’s local development experience complements GIG’s global reach and ambition.
“Together, we are answering the Scottish government’s call for new companies to enter the offshore wind market – bringing new ways of structuring and developing projects, which boosts competition, drives innovation and unlocks new sources of investment.”