Business World of Renewable Energy

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CIP Enters Into Partnership with Offshore Energy for Australian Offshore Wind Farm

Copenhagen, Denmark - Offshore Energy Pty Ltd. (Offshore Energy) and Copenhagen Infrastructure Partners (CIP), on behalf of the fund Copenhagen Infrastructure III K/S (CI III), announced that they have entered into a partnership regarding the continued development of Australia’s first offshore wind farm, the Star of the South. The project has so far been developed solely by Offshore Energy.

The offshore wind farm Star is located off the south coast of Gippsland, Victoria. The site is located 10-25 km off the coast in the Bass Strait and has a total expected capacity of up to 2,000MW. Further development of the site will be undertaken jointly by the partnership.

"Offshore Energy is delighted to partner with Copenhagen Infrastructure Partners, one of the leading offshore wind developers in the world, to develop Australia’s first offshore wind farm. The partnership brings together local knowledge and proven international experience that we believe will deliver many benefits for Australia, Victoria and local communities", says Andy Evans, Managing Director of Offshore Energy.

Copenhagen Infrastructure Partners K/S (CIP) is a fund management company focused on energy infrastructure. The company focuses on investments in regulated and long term contracted energy infrastructure. Besides offshore wind, this includes onshore wind, solar PV, biomass and waste-to-energy, transmission and distribution, and other energy assets like reserve capacity and storage. According to CIP, the company manages four funds and has around EUR 6 bn under management.

Source: IWR Online, 06 Dec 2017