August 26 (Renewables Now) - Green Investment Group Ltd (GIG), owned by Macquarie Group Ltd (ASX:MQG), today said it has acquired a 47-MW wind project in Norway from Spanish Power.
The purchase represents GIG’s first project in Norway and will further boost its presence in the Nordic region.
The Tysvaer wind farm will be located in the municipality with the same name, in southern Norway, with construction slated to begin early next year. The project, to be developed by GIG in-house, is currently in the final planning stages and under review by the Norwegian Water Resources and Energy Directorate (NVE). The proposal includes 11 Siemens Gamesa turbines, each with a capacity of 4.3 MW.
The project was awarded outline planning consent in July 2018, while amended layouts are seen to be finalised in October. Nordisk Vindkraft will be the construction manager and RISA AS will be in charge of building the roads, turbine foundations and installing the electric cables.
When fully completed, the wind park is expected to generate enough electricity to supply the equivalent of 8,750 local homes annually.