Macquarie-owned clean-energy investment house the Green Investment Group (GIG) is partnering with Scottish offshore wind developer Renewable Infrastructure Development Group (RIDG) to compete in the long-delayed ScotWind North Sea leasing round.

GIG, which evolved out of the UK government’s Green Investment Bank in 2017, has supported 16 offshore wind projects totalling over 4.5GW of operating capacity to date globally. Edinburgh-based RIDG launched three years ago with the aim of advancing large-scale projects that will “create significant opportunities for the Scottish supply chain and the economy”.