Copenhagen Infrastructure Partners (CIP) through the funds Copenhagen Infrastructure II K/S (CI II) and Copenhagen Infrastructure III K/S (CI III) has acquired 3 offshore wind sites under development in Taiwan.
The three sites are all located off the Changhua coast in the Taiwan Strait and have a total capacity of up to 1,500MW. The three projects have been developed up to now by Fuhai Wind Farm Corporation.
The Government in Taiwan has set a target of 3,000 MW of offshore wind to be constructed by 2025 and decided that nuclear power will be phased out by 2025.
As part of the acquisition of the projects, CIP has entered into a MOU with the local company CSBC Corporation Taiwan regarding supply and installation services.
Further development of the sites will be undertaken by CIP in collaboration with local partner Taiwan Generations Corporation (TGC). The three projects are in the process of applying for the required environmental permits and are still subject to a final investment decision.
For any further information, please contact:
Kristina Negendahl Jessen, Copenhagen Infrastructure Partners, by phone: +45 70 70 51 51 or by e-mail:
cip@cip.dk. Webpage: www.cip.dk
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners K/S (CIP) is a fund management company founded in 2012 by senior executives from the energy industry and PensionDanmark. CIP is owned and managed by the five partners, Jakob Baruël Poulsen, Rune Bro Róin, Torsten Lodberg Smed, Christian T. Skakkebæk and Christina Grumstrup Sørensen. All five partners have extensive experience within infrastructure investments and mergers & acquisitions. CIP currently manages the funds Copenhagen Infrastructure I K/S, CI Artemis K/S, Copenhagen Infrastructure II K/S and Copenhagen Infrastructure III K/S. Copenhagen Infrastructure II K/S 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).
CIP initiated the fundraising process for Copenhagen Infrastructure III K/S on March 16 and the fund has already been backed by a strong group of Anchor Investors, PensionDanmark (DK), KLP (Kommunal Landspensjonskasse, NO), Lægernes Pension (DK), JØP (Juristernes og Økonomernes Pernsionskasse, DK) and DIP (Danske civil- og akademiIngeniørers Pensionskasse, DK).
