Green Investment Group acquires 47 MW Tysvær wind project in Norway

Macquarie’s Green Investment Group has announced the acquisition of the 47 MW Tysvær wind Farm located in the Tysvær municipality, within Rogaland Fylke, Norway, from Spanish Power. The proposed development will consist of 11 Siemens Gamesa 4.3 MW turbines. Nordisk Vindkraft will act as construction manager and RISA AS will be responsible for building the roads, turbine foundations and installing the electric cables.

The project is GIG’s first in Norway and further expands GIG’s presence in the Nordic region following its acquisitions of Markbygden, Overturingen and Hornamossen onshore wind farms in Sweden.

The project is in the final stages of planning and is currently under consideration by the Norwegian Water Resources and Energy Directorate (the NVE). Outline planning consent was received in July 2018, and amended layouts are expected to be finalized in October 2019.

When fully operational, the wind farm will produce enough low-carbon electricity to power the equivalent of 8,750 Norwegian homes every year. Annually, it will displace an estimated 8,000 tonnes CO2 emissions, supporting Norway in its goal of becoming a ‘low carbon society’ by 2050 and achieving ‘emissions neutrality’ by 2030.