
Copenhagen Infrastructure Partners and Statkraft team up to develop 2.2GW of offshore wind in Ireland
COPENHAGEN, Denmark, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure IV K/S (CI IV), has acquired 50% of Statkraft A/S’s offshore wind portfolio in Ireland. Norwegian based Statkraft A/S, a European generator of renewable energy, is a leading developer and operator in Ireland. The financial terms of the transaction are not disclosed.
The acquired portfolio, with an expected capacity of 2.2GW, includes four early to mid-stage offshore wind development projects off Ireland’s east and southeast coast 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. Ireland has distinct geographical advantages for offshore wind development with some of the highest average wind speeds in Europe and a vast maritime area.
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 projects are expected to be among the first commercial scale offshore wind projects in Ireland with commercial operations expected to commence in 2028. Statkraft and CIP expect to invest more than 4 billion EUR in the market before 2030.
The Statkraft and CIP partnership enables Statkraft’s long standing local presence in Ireland and CIP’s international offshore wind investment, development and construction experience to be fully utilized through a combination of an integrated organization in Ireland and CIP’s central teams. As the exclusive offshore wind development partner to CIP, Copenhagen Offshore Partners will co-lead project development activities.
Nischal Agarwal, Partner in CIP says: “We are very pleased to be entering the Irish offshore market and look forward to developing these exciting projects together with Statkraft. In combining CIP’s industrial background and international experience within offshore wind with Statkraft’s experience of Irish renewables the partnership will enable the provision of renewable power to Irish homes and businesses and contribute to reaching the governments ambitious decarbonisation targets.”
Kevin O’Donovan, MD of Statkraft Ireland, said: “This partnership brings together two industry heavyweights with the resources and expertise to harness the power of our offshore wind. While today’s deal is significant for Statkraft, it also signals a giant leap forward for the country. The clean energy we can deliver from these projects will not only power our own homes and businesses; it also has the potential to make Ireland a world leader in renewable energy exports.”
Completion of the transaction is subject to certain statutory approvals.
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. CIP has approximately 400 employees and 11 offices around the world. For more information, www.cip.com
About Statkraft
Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 5,000 employees in 20 countries.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Midaxo Expands Cloud-Native M&A Platform to Support All Forms of Corporate Dealmaking29.3.2023 09:07:00 CEST | Press release
Corporate development teams can now find, evaluate, and deliver deal value faster on the first purpose-built Corporate Development Cloud BOSTON, March 29, 2023 (GLOBE NEWSWIRE) -- Midaxo, provider of the leading software platform for corporate dealmaking, today announced the launch of the new Midaxo Corporate Development Cloud. After a decade as the leading software solution for companies managing their M&A activity, Midaxo now supports the entire global corporate development team across all deal types to enable them to find, evaluate, and deliver deal value faster and more efficiently than ever before. Built on a foundation of AI, machine learning (ML), and process automation, the Midaxo Corporate Development Cloud simplifies and accelerates corporate dealmaking processes and provides centralized oversight across all deal pipelines. The new Midaxo platform leverages learnings from over 500 Midaxo customers that have completed more than 5,000 transactions worth in excess of $1 trillion
Notification of managers and closely related parties’ transactions with A.P. Møller - Mærsk A/S shares in connection with share buy-back program29.3.2023 08:50:55 CEST | Press release
In connection with the announced share buy-back program in A.P. Møller - Mærsk A/S, A.P. Møller Holding A/S continuously sells shares pro rata and the market is to be informed accordingly – see the attached file. Attachment APMM Share buy-back APMH sale 28032023
Indberetning af ledende medarbejderes og disses nærtståendes transaktioner med A.P. Møller - Mærsk A/S aktier i forbindelse med aktietilbagekøbsprogram29.3.2023 08:50:55 CEST | pressemeddelelse
I forbindelse med det annoncerede aktietilbagekøbsprogram i A.P. Møller - Mærsk A/S sælger A.P. Møller Holding A/S løbende aktier pro rata og markedet informeres følgeligt herom - se vedhæftede fil. Vedhæftet fil APMM Aktietilbagekøbsprogram APMH salg_28032023
Transactions by persons discharging managerial responsibilities29.3.2023 08:45:00 CEST | Press release
Company Announcement no. 122– 2023 Copenhagen, March29th, 2023 Transactions by persons discharging managerial responsibilities Pursuant to the EU Market Abuse Regulation, GreenMobility A/S hereby reports transactions made in GreenMobility A/S shares by persons obliged to report on transactions to the Danish FSA and Nasdaq Copenhagen Main Market. Tue Østergaard, Chairman of the board, has purchased 57 shares in GreenMobility A/S, resulting in a total holding of 16,050 shares For further details, please refer to the attached forms for notification and public disclosure of transactions performed by persons with managerial responsibilities and persons closely associated with them. Contact and further information Anders Wall, Group CFO, +45 25 40 30 20, e-mail: aw@greenmobility.com About GreenMobility GreenMobility offers modern urbanites easy, flexible, and sustainable transport in the form of electric shared city cars. Users have access to these cars via the GreenMobility app. Trips are p
Invitation Annual General Meeting Fenix Outdoor International AG29.3.2023 08:30:00 CEST | Press release
Invitation to the ordinary General Meeting of Shareholders of Fenix Outdoor International AG Dear Shareholder, The Board of Directors is pleased to invite you to the ordinary General Meeting concerning the financial year 2022 Date: Friday, April 21 2023, 2 pm Place: Hemvärnsgatan 9, Solna (Sweden) I. Notification Shareholders who wish to attend (in person, representation by proxy or by the Independent Proxy) the ordinary General Meeting must be recorded in the Company's share register by Thursday, 13 April 2023 at the latest and must notify the Company no later than Tuesday, 18 April 2023, 1 p.m. by telephone +46 660 26 62 00, by mail to Fenix Outdoor International AG, Hemvärnsgatan 15, 171 54 Solna (Sweden) or by e-mail info@fenixoutdoor.se of their attendance. An e-mail from the Company confirming the receipt of the notification must be presented at the entrance in order to be admitted to the ordinary General Meeting. The notification of the Shareholder must include name, personal id