PUBLISHED March 22, 2023
Copenhagen Offshore Partners Expands Floating Offshore Wind Development Portfolio in Italy to Nearly 3 GW, One of the Largest in the Country
March 22, 2023 – Copenhagen:
Copenhagen Offshore Partners (COP), a world leader in development and construction of offshore wind projects, has expanded its development portfolio in Italy with three new projects, Tyrrhenian, Nurax, and Poseidon. With these new additions, COP is developing five floating offshore wind projects in Italy which total almost 3 GW of capacity, one of the largest in the country.
The full portfolio is controlled by the GreenIT and Copenhagen Infrastructure Partners (CIP) consortium, which acquired the three new sites this month. CIP is the world’s largest dedicated fund manager within greenfield renewable energy investments. The new areas will be co-developed by a project team led by Copenhagen Offshore Partners, the exclusive offshore wind development partner to CIP, and Italian companies with proven experience in the development of offshore wind farms such as Nice Technology and 7 Seas Wind Power.
“These new projects reinforce COP’s position as a leader in floating offshore wind development in Italy,” said Alan Hannah, Partner and Europe Market Development Lead at COP. “Italy has all of the necessary ingredients to support project delivery for the burgeoning floating wind market as well as to establish important supply chain opportunities.”
”Our growing portfolio in Italy is the result of years’ worth of local engagement by COP and our project partners since 2020,” said Michele Schiavone, Italy CEO at COP. “Three gigawatts empowers us to beneficially scale our activities, from design to procurement and site investigation. We are thrilled to see our pipeline growing.”
The three new floating projects are located on average 30 km from the coast and have a total capacity of approximately 2 GW. The Tyrrhenian project, located in Latium off the coast of Civitavecchia, will have a total capacity of up to 540 MW. Nurax and Poseidon, in Sardinia off the coast of Olbia, will have respective capacities of around 500 MW and 1,000 MW. The floating foundations for Tyrrhenian, Nurax, and Poseidon will utilize innovative technological solutions aimed at minimizing environmental and visual impacts.
The new projects will also benefit from technological and logistical synergies with the portfolio’s other two offshore wind projects, 7SeasMed in Sicily and Ichnusa Wind Power in Sardinia, of which COP is also co-leading development. 7SeasMed is a 250MW floating offshore wind project, and Ichnusa Wind Power is contracted for 500MW.
The almost 3GW project development portfolio in Italy will support the country’s greater climate and economic goals of which Italy has an ambition for 20GW of new offshore wind capacity by the end of decade. Floating wind is projected to be a significant component of that goal. Altogether, the portfolio will could power approximately 2.5 million Italian households.
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