Copenhagen Offshore Partners to Develop Irish Offshore Wind Portfolio in Partnership with Statkraft

January 17, 2023 – Copenhagen:

Copenhagen Offshore Partners (COP), a world leader in development and construction of offshore wind projects, will co-lead project development activities for a 2.2 GW portfolio of offshore wind projects located off the east and southeast coasts of Ireland.

The portfolio is jointly owned by Statkraft A/S and Copenhagen Infrastructure Partners (CIP), following the announcement of CIP’s 50% acquisition stake in the portfolio, on behalf of its fund Copenhagen Infrastructure IV K/S (CI IV). As the exclusive development partner to CIP, COP will co-lead project development for the portfolio with Statkraft.

The 2.2 GW portfolio includes four early to mid-stage offshore wind development projects in the Irish Sea. The projects involved are the North Irish Sea Array, or NISA, and the Bore Array with a combination of fixed bottom and floating offshore foundations.

Commenting on the future development potential and CIP’s acquisition, Alan Hannah, partner at Copenhagen Offshore Partners said, “This is a significant and exciting moment for COP as it will establish our business in a new market and strengthen our position in North-West Europe as we continue to target emerging opportunities.  Given our track record and expertise, I am confident that COP will be a major force in developing the Irish market’s renewable energy potential over the long term, while also creating significant economic opportunities for Ireland’s economy.”

The projects are expected to be among the first commercial scale offshore wind projects in Ireland with commercial operations expected to commence in 2028.

The Irish Government has set a 2030 target of 7GW of installed offshore wind requiring rapid deployment and delivery of the currently most mature development projects, which includes the 500MW flagship project in the portfolio, North Irish Sea Array I (NISA I). NISA I is eligible to bid into the Irish Government’s first Offshore Renewable Electricity Support Scheme auction (ORESS) in 2023.

The Irish portfolio adds to the greater 50GW portfolio of projects of which COP is leading project development activities on behalf of Copenhagen Infrastructure Partners. CIP is the world’s largest dedicated fund manager within greenfield renewable energy investments and to date has raised Euro 19 billion from more than 120 international institutional investors worldwide.

 

About Copenhagen Offshore Partners

Copenhagen Offshore Partners (COP) is a world leader in development and construction of offshore wind projects with a track record of successfully taking projects through the most difficult phases and delivering per plan. COP is leading project development of a 50+GW portfolio of projects on behalf of Copenhagen Infrastructure Partners (CIP) in Europe, Asia Pacific, and North America. COP’s development activities are supported by its headquarters in Denmark and offices in the United Kingdom, France, Germany, Greece, Italy, Taiwan, Korea, Vietnam, Japan, the United States, Brazil, Australia, and Aotearoa New Zealand. COP works exclusively for CIP, a leading green infrastructure fund manager, which has raised Euro 19 billion to date from more than 120 international institutional investors worldwide. COP is a proudly independent company owned by its management. Learn more: www.cop.dk

COP is hiring. To learn more about career opportunities at COP, visit cop.dk/vacancies.

For further information about COP’s development activities in Ireland contact:

Rhys Jones: rhj@cop.dk