Green Investment Group acquires Fuinneamh Sceirde Teoranta

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

The Galway based renewable energy project is at the vanguard of Ireland’s offshore energy revolution, having been designated as one of seven ‘Relevant Status’ developments by the Department of Environment, Climate Action and Communications. This designation positions the Sceirde Rocks development to be in the first wave of offshore wind projects in Ireland for delivery by 2030.

Séamus McCabe, GIG Project Director 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. 

“We are delighted to be working with the FST team and look forward to engaging with the local community to take Sceirde Rocks on the next phase of its journey.”