Macquarie’s Green Investment Group (GIG) has acquired the developer of the Sceirde Rocks offshore wind farm project, in Galway, Ireland.

GIG has paid an undisclosed sum to buy Fuinneamh Sceirde Teoranta the developer of the proposed 400MW offshore wind farm.

Green Investment Group’s project director Séamus McCabe, said, “The Sceirde Rocks project is set to be a flagship development for the West of Ireland, which is home to one of the best wind resources in the world.

”It offers an exciting opportunity to launch a new industry along the Atlantic Economic Corridor, supporting a range of jobs and creating economic opportunities that will bring people back to Connemara.”

Joe Lee, director at Fuinneamh Sceirde Teoranta, said: “We are delighted to have attracted a developer of the quality of Green Investment Group to the Sceirde Rocks project. This project will be the largest ever infrastructure project in Connemara and will position Galway as a leader in Ireland’s new green energy economy.

”In order to achieve that, it was vital that we brought in the financial and technical capabilities that GIG can deliver.”

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