From their Edinburgh base, Macquarie’s Green Investment Group (GIG) and Scottish offshore wind developer Renewable Infrastructure Development Group (RIDG) have announced their partnership to compete in ScotWind, the next round of seabed leasing for offshore wind development off the Scottish coast, which is due to be launched by Crown Estate Scotland shortly.
GIG is a leading global investor and developer of green infrastructure assets with a mission to accelerate the green transition. GIG has supported 16 offshore wind projects representing over 4.5 GW of operating capacity to date. Most recently, GIG acquired a 40 per cent stake in the 102 turbine East Anglia ONE (EA1) offshore wind project, which has committed around £70million to suppliers across the East of England, delivering jobs and investment to local communities.
Across the UK, GIG has supported over 110 green energy projects, including 19 projects in Scotland: producing renewable electricity and heat, improving energy efficiency, increasing recycling and avoiding waste being sent to landfill. Elsewhere, GIG is developing up to 1.5 GW of floating offshore wind at Ulsan, South Korea, whilst in Taiwan, GIG is developing and constructing 2.4 GW of offshore wind across the Formosa 1, 2 and 3 projects.
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. The founding RIDG management team, who bring together over 40 years of offshore wind project, technical and industrial development experience, have designed RIDG to deliver a simpler, leaner and more flexible approach to project development. 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.