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Investment firm Copenhagen Infrastructure Partners (CIP) has launched a unit focused on the advancement of large-scale offshore energy islands, entrusting the new entity with a portfolio comprising around 10 projects spanning the North Sea, the Baltic Sea, and South-East Asia.
Denmark-based Copenhagen Energy Islands (CEI), which is majority-owned by CIP, is backed by a number of Nordic, European and North American investors, including PensionDanmark, PFA, SEB and Andel, according to a statement released today.
“Today, the challenge for offshore wind is less about building the incremental offshore wind farm, but more how to integrate large-scale offshore wind energy into the global energy systems. We see energy islands as a key tool in solving this challenge,” said Jakob Baruel Poulsen, managing partner and founder of CIP.
The launch of the new company follows the announcement that CIP, in partnership with Ignitis Renewables, won the second offshore wind auction in Estonia shortly after winning the first competition launched by the Baltic country.
In late 2023, the Danish investment firm, France’s Lhyfe and Finnish Flexens Oy Ab teamed up to create an energy island in Finland, seeking to incorporate gigawatt-scale offshore wind and green hydrogen production.
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