Leading renewable energy developer Green Investment Group (GIG), has acquired the rights to the Kattegatt offshore wind farm, located off the coast of Falkenberg Municipality in the Halland region of Sweden.

Green Investment Group, owned by investment giant Macquarie, has acquired the rights to the Kattegatt offshore wind farm from investor Agrivind AB. The 260 MW wind project will have the capacity to supply electricity to approximately 95,000 households. Once operational, the project is estimated to reduce Sweden’s carbon dioxide (CO2) emissions by 49 kt CO2 per year.

Sweden has set a goal of producing 100 percent of its electricity from renewable energy sources by 2040. To help achieve this goal, a significant increase in offshore wind capacity is anticipated. Sweden’s current operational offshore wind capacity is just 191 MW, expected to grow to 4 GW in 2035.

Edward Northam, GIG’s representative for the UK and Europe, said the Kattegatt wind farm will be a key development for the municipality of Falkenberg and for Sweden’s growing offshore wind sector.

– Offshore wind can help Sweden meet its climate goals and diversify its electricity supply, while supporting employment and creating economic opportunities. We are pleased to be developing this exciting project and look forward to working with the local community on the next phase of the Kattegat wind farm – says Northam.

Wind Sweden will support GIG in the further development of Kattegatt. Wind Sweden has supported Agrivind AB for more than three years and has worked closely with local stakeholders to develop the project. GIG is committed to continue working closely with the local community and to work with the local supply chain to support employment and investment opportunities in Halland.