Press Release Copenhagen/Melbourne, 30 November 2017
CIP enters into partnership with Offshore Energy for Australian offshore wind project
Offshore Energy Pty Ltd. (Offshore Energy) and Copenhagen Infrastructure Partners (CIP), on behalf of the fund Copenhagen Infrastructure III K/S (CI III), are pleased to announce that they have entered into a partnership regarding the continued development of Australia’s first offshore wind farm, the Star of the South. The project has so far been developed solely by Offshore Energy.
The Star of the South is located off the south coast of Gippsland, Victoria. The site is located 10-25 km off the coast in the Bass Strait and has a total expected capacity of up to 2,000MW. Further development of the site will be undertaken jointly by the partnership.
“Offshore Energy is delighted to partner with Copenhagen Infrastructure Partners, one of the leading offshore wind developers in the world, to develop Australia’s first offshore wind farm. The partnership brings together local knowledge and proven international experience that we believe will deliver many benefits for Australia, Victoria and local communities.”, says Andy Evans, Managing Director of Offshore Energy.
”Star of the South offers a unique opportunity within offshore wind in a new market. We are very satisfied with this partnership, and look forward to contributing our competence and experience in cooperation with Offshore Energy, all levels of Government and key stakeholders in the development of the first offshore wind project in Australia”, says Torsten Lodberg Smed, Senior Partner in Copenhagen Infrastructure Partner.
For any further information, please contact:
Andy Evans, Offshore Energy, by phone: +61 400 018 087
or by e-mail: firstname.lastname@example.org
Kristina Negendahl Jessen, Copenhagen Infrastructure Partners, by phone: +45 70 70 51 51
or by e-mail: email@example.com
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners K/S (CIP) is a fund management company focused on energy infrastructure. CIP was founded in 2012 by senior executives from the energy industry in cooperation with PensionDanmark. CIP is owned and managed by the five senior partners, Jakob Baruël Poulsen, Rune Bro Róin, Torsten Lodberg Smed, Christian T. Skakkebæk and Christina Grumstrup Sørensen.
Today CIP has around 55 employees. CIP and its projects have offices in Copenhagen, the UK, the US, Germany, and Taiwan. CIP focuses on investments in regulated and long term contracted energy infrastructure. Besides offshore wind, this includes onshore wind, solar PV, biomass and waste-to-energy, transmission and distribution, and other energy assets like reserve capacity and storage.
CIP manages four funds and has around EUR 6 bn under management. Copenhagen Infrastructure I K/S (CI I), CI Artemis K/S (CI A), and Copenhagen Infrastructure II K/S (CI II) combined have capital commitments of EUR 3.3 bn and are fully invested. CI I and CI A have PensionDanmark as founder and sole investor, while CI II has 19 Danish and international
institutional investors: PensionDanmark, Lægernes Pension, PBU, JØP, DIP, Nordea, PFA, Nykredit, AP Pension, SEB Pension DK, SEB Pension SE, Lærernes Pension, Oslo Pensjonsforsikring, Villum Fonden, KLP, Townsend on behalf of a UK pension fund, Widex, LB Forsikring, and EIB (with the backing of the EU through EFSI). The most recent fund, CI III, is targeting a final close in December 2017 with total commitments of EUR 3 billion from an international investor base.
About Offshore Energy
Offshore Energy is a Victorian-based company established in 2012. The company is led by an experienced management team which has over 40 years’ combined experience in the Australian renewable energy industry and further detailed experience in the power, oil & gas and resources industries. The company is headed by Terry Kallis (Chairman) and Andy Evans (Managing Director).