Copenhagen Infrastructure Partners (CIP), representing its Flagship Funds, has secured two licenses for the construction of offshore wind farms in the Australian territory of Victoria, with a total energy capacity of 4.4 GW.
CIP obtains permits for offshore wind farms
This important CIP award has the exclusivity to develop offshore wind projects in two key areas: one reaching an area of 586 km² and the next 689 km² . These projects have the potential to supply enough renewable energy to power 2.4 million Australian homes.
In addition, with the allocation by the Australian Government, two feasibility licenses for offshore wind energy have been obtained from CIP’s Flagship Funds , the company has launched Southerly Ten, an entity dedicated to the development and execution of offshore wind energy projects in the country.
Among the words of Jørn Hammer, director of CIP Australia, said: “CIP has pioneered the advancement of offshore wind energy in Australia and has collaborated with local communities, government and industry to drive this industry forward. We are excited about the prospects Southerly Ten offers to expand CIP’s vast experience and global expertise in the field of offshore wind development.“.
The role of other entities for the development of wind energy
Southerly Ten will also assume responsibility and execution of CIP’s offshore wind projects, including two major ones: Star of the South and Kut-Wut Brataualung . Established Australian executive Charles Rattray will lead Southerly Ten. Executive Rattray, who has served as CEO of Star of the South since August 2022, brings more than two decades of experience in the energy and finance sectors.
Rattray commented: “I am excited to lead Southerly Ten and build on CIP’s efforts to establish an offshore wind industry in Australia, as well as continue to expand its portfolio. Southerly Ten will significantly contribute to Australia’s green energy transition while generating economic and job opportunities in the regions“.
The CIP Flagship Funds will provide funding for the evolution and progress of the Southerly Ten project. In this way, the future of current investment decisions will allow the CIP to provide financing for the construction of the project, in a sustainable manner.
Follow us on social networks and don’t miss any of our publications!
Inspenet.com YouTube LinkedIn Facebook Instagram X
Source: oedigital.com
Photo: UC3M
Loading...
