Tuesday 12 May 2020

Green Investment Group partners with RIDG to bid in ScotWind leasing round

Investment Bank Macquarie’s Green Investment Group (GIG) and the Renewable Infrastructure Development Group (RIDG) have joined forces to bid in the next leasing round for ScotWind.

The bidding for seabed leasing for offshore wind development opportunities off the Scottish coast is expected to commence shortly.

Mike Hay, Commercial Director at RIDG, said: “This partnership is already proving to be a fast, flexible and responsive approach to development that will be vital if Scotland is to unlock its industrial potential.

“Together, we are answering the Scottish Government’s call for new companies to enter the offshore wind market – bringing new ways of structuring and developing projects, which boosts competition, drives innovation and unlocks new sources of investment.”

The public corporation of the Scottish Government, Crown Estate Scotland, is expected to launch the next auction round shortly.