Copenhagen – May 11, 2023:
Copenhagen Offshore Partners (COP), a world leader in development and construction of offshore wind projects, and Statkraft will co-lead project development activities for the 500MW North Irish Sea Array (NISA) project. NISA is earmarked for an area off the east coast of Ireland and will have the capacity to power approximately half a million Irish homes and businesses.
This news follows the announcement that Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure IV K/S (CI IV), and Statkraft have been successful in securing a 20-year low carbon power contract as part of the Irish Government’s ORESS-1 (Offshores Renewable Energy Support Scheme) process. CIP is one of the world’s leading green infrastructure fund managers.
In January 2023, CIP announced a partnership with Statkraft to develop up to 2.2 gigawatts of offshore wind off the Irish coast. These projects are expected to be among the first commercial scale offshore wind projects in Ireland. As the exclusive offshore wind development partner to CIP, Copenhagen Offshore Partners confirmed it would co-lead project development activities.
Commenting on the auction results, Alan Hannah, COP Partner and UK and Ireland CEO, said:
“I’m delighted with this successful outcome in Ireland which is an important milestone for CIP and Statkraft’s partnership, and for COP’s future role as co-leader for the portfolio’s project development. The 20-year Contract for Difference provides a strong basis on which we continue the development of the NISA project which will contribute towards Ireland’s 2030 renewables target and unlock the potential of offshore wind in the market. The Irish Government must be commended for implementing a reliable framework to deliver competitively priced offshore wind.”
“This is a significant and exciting moment for COP as it establishes the business in a new market and strengthens our position in North-West Europe as we continue to target emerging opportunities. We look forward to progressing the project in collaboration with national and local stakeholders and to creating significant economic opportunities for Ireland’s economy over the long term.”
The Irish portfolio adds to COP’s 50GW project development portfolio across global markets including Europe, Asia Pacific, and the Americas.
About Copenhagen Offshore Partners
Copenhagen Offshore Partners (COP) is a world leader in offshore wind project origination, development, and construction. COP is accelerating the energy transition through development of a 50+ GW project portfolio, one third of which represents floating offshore wind. The group also specializes in system integration capabilities, including power-to-x. COP’s expert team are advancing projects across 17 offices in Europe, Asia Pacific, and the Americas. COP is a proudly independent company owned by its management. Learn more at www.cop.dk
COP is hiring. To learn more about career opportunities at COP, visit our career page.
About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.
CIP manages ten funds and has to date raised approximately EUR 19 billion for investments in energy and associated infrastructure from more than 140 international institutional investors.
For further information please contact:
Rhys Wyn Jones, COP UK Director of Regulation, Policy, and Communications, email@example.com
Jamie Shellenberger-Bessmann, COP Head of Communications, firstname.lastname@example.org