Onshore renewables

Tysvær Wind Farm

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August 2019

Tysvær Wind Farm

Project summary

  • Wind turbines

    11 Siemens Gamesa 4.3 MW wind turbines

  • Operational

    Tysvær Wind Farm will become operational in 2021

  • 47 MW

    Tysvær Wind Farm will have an installed capacity of 47 MW

  • 150 GWh

    Tysvær Wind Farm will have the production capacity of 150 GWh

  • 8,750 households

    Tysvær Wind Farm will produce enough low-carbon electricity to power the equivalent of 8,750 Norwegian homes every year

  • Project developer

    Green Investment Group


Supporting the local supply chain

GIG is using a number of Norwegian supply chain companies to deliver this important project, bringing new investment into the Tysvær region and supporting high-value jobs throughout the project’s construction and operations.

Nordisk Vindkraft will act as construction manager and RISA AS will be responsible for building the roads, turbine foundations and installing the electric cables.

Supply local industry

Norway has a long and proud industrial history. Wind energy can play an important role preserving and supporting the growth of Norwegian industry by providing access to predictable supplies of affordable, low-carbon energy through long-term power purchase agreements.

In 2018, GIG secured agreements for Norsk Hydro to procure electricity from two Swedish wind farms. These are some of the longest and largest PPA agreements in the world.

GIG is currently in talks with local Norwegian industry in view of securing a power purchase agreement for Tysvær Wind Farm.

Contribute to national climate targets

As Norway looks to achieve its ambitious climate change targets, its demand for low-carbon electricity is growing. In particular, the electrification of industry, data centres and transport is requiring even more clean, green energy to be produced. GIG is committed to supporting Norway achieve its climate targets. 

When Tysvær Wind Farm is fully operational, it will produce enough low-carbon electricity to power the equivalent of 8,750 Norwegian homes per year, displacing an estimated 8,000 tonnes CO2e - the equivalent of removing 2,500 cars from the road.

Green Investment Group

GIG is the developer of Tysvær Wind Farm, and took ownership in 2019. GIG is a leading global green investor and project developer, dedicated to supporting the growth of the global green economy. Established as the world’s first green investment bank by the UK Government in 2012, it was acquired by the Macquarie Group in 2017. For more information on GIG please see About us.

All GIG investments must pass through a robust green impact assessment process before they can be approved.  Every approved investment is subject to detailed green impact monitoring, spanning all aspects of its green performance. Find out more in our Green Investment Handbook.

The project team

Eric Bjonerud

Eric Bjonerud 

Senior Vice President, Green Investment Group

Eric is responsible for the origination, acquisition and development of renewable energy projects across EMEA for Green Investment Group.  Eric specialises in the Nordics, and has been involved in four successfully closed Nordic transactions in the past three years.

He began his career with PNC Bank and First Wind/Sunedison, before joining Macquarie’s Green investment Group, and now has over 10 years’ of renewable energy project experience in origination, development, mergers and acquisition and financing. 

Tomas Tuominen

Tomas

Vice President, Green Investment Group

Tomas Tuominen is Managing Director of Tysvær Vindpark.

Tomas has 10 years power market experience within trading of renewable energy and other energy products. In addition to his role as Managing Director of Tysvaer Vindpark, Tomas is responsible for the company’s long-term power contracts with industrial customers and large utilities. Before joining Macquarie, Tomas held a senior role at GE Renewable Energy where he led the negotiation of the company’s power purchase agreements. Tomas also has a background from Statkraft Energi and Bank of America.

Media enquiries

Lindsay Roberts

Tel: +44 7920 212813

Email: Lindsay.roberts@greeninvestmentgroup.com