Statkraft, a Norwegian energy company, and Copenhagen Infrastructure Partners (CIP), a Danish investment firm, have partnered to develop 2.2GW of offshore wind capacity in Ireland.
CIP's fund, Copenhagen Infrastructure IV K/S (CI IV), will acquire a 50% stake in Statkraft's Irish offshore wind portfolio for an undisclosed price.
Copenhagen Infrastructure Partners partner Nischal Agarwal said: “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 government's ambitious decarbonisation targets.”
The partnership between Statkraft and its Danish partner will focus on the development and construction of three phases of the North Irish Sea Array (NISA) and the Bore Array offshore wind projects.
The companies anticipate investing over €4bn by 2030 for these projects. The NISA project, located off the coast of Dublin, Louth, and Meath counties, aims to provide power to 500,000 homes. The Bore Array project, located in the Celtic Sea, is also part of the partnership's plans.
Statkraft Norway offshore wind head Gry Aamodt said: “The agreement and cooperation with CIP gives us access to expertise and experience from both bottom-fixed and floating offshore wind projects. The projects in Ireland will make us even better positioned for the development of both Sørlige Nordsjø II, Utsira Nord and future projects in Norway.”
