CIP launches new company to develop energy island projects
Copenhagen Infrastructure Partners (“CIP”) is launching Copenhagen Energy Islands (“CEI”), a new development company dedicated to developing energy islands globally with backing from Nordic, European, and North American investors.
Copenhagen Energy Islands will build on CIP’s long-standing experience and expertise within offshore wind to develop energy island projects globally, and is currently developing a portfolio of around 10 energy island projects around the North Sea, the Baltic Sea and in South-East Asia.
Energy islands are large-scale offshore energy hubs, which will enable the massive scaling required for the next generation of offshore wind deployment globally. They combine existing, proven technologies in a new and innovative way and at a significantly larger scale, allowing for a cost-efficient build-out and integration of offshore wind. Key value drivers include a substantial reduction in power transmission costs, large-scale offshore green hydrogen production and related synergies between power and hydrogen production.
Read the press release.
