Copenhagen Infrastructure Partners (CIP) announces the launch of Copenhagen Energy Islands, a dedicated company leveraging CIP’s offshore wind expertise to develop energy island projects globally. Currently, the company is actively working on a portfolio of approximately 10 energy island projects in strategic locations such as the North Sea, Baltic Sea, and South-East Asia.
Scaling Offshore Wind Deployment
Energy islands, as large-scale offshore energy hubs, are pivotal for the extensive scaling required in the next phase of global offshore wind deployment. These islands integrate existing technologies on a larger scale, enabling cost-efficient development and integration of offshore wind. Key drivers include significant reductions in power transmission costs, large-scale offshore green hydrogen production, and synergies between power and hydrogen generation.
Ownership Structure and Investors
Copenhagen Energy Islands operates as an independent company, with CIP as the majority owner and a consortium of investors, including major Nordic, European, and North American players such as PensionDanmark, PFA, SEB, and Andel. This strategic alliance brings together entities with a proven track record in renewable energy infrastructure investments.
Vision for Global Renewable Scaling
Jakob Baruël Poulsen, Managing Partner and founder of CIP, outlines the vision of providing concrete solutions to the global challenge of scaling renewables. The emphasis is on integrating large-scale offshore wind energy into global energy systems, positioning energy islands as a vital tool to achieve ambitious offshore wind targets worldwide.
Commercial Potential and Investment Perspective
Peter Stensgaard Mørch, deputy CEO of PensionDanmark, highlights the significant commercial potential of energy islands globally, emphasizing their role in facilitating the effective rollout of large-scale liquid green hydrogen. Copenhagen Energy Islands aims to be a catalyst and a world leader in establishing energy islands, presenting an attractive investment opportunity.
Copenhagen Energy Islands is headquartered in Copenhagen, boasting a team of industry professionals with extensive experience in renewables, infrastructure, and finance. PensionDanmark, Denmark’s largest labor market pension fund, plays a crucial role as one of the major investors, managing over EUR 40 billion under its stewardship.
Source：koreabizwire.com
