Danish fund manager Copenhagen Infrastructure Partners (CIP) is launching a new company which will be focused on developing energy islands with backing from Nordic, European, and North American investors.
The new company, named Copenhagen Energy Islands (CEI), will be leaning on CIP’s offshore wind experience, and is currently developing a portfolio of around 10 energy island projects around the North Sea, the Baltic Sea, and South-East Asia.
“Energy islands are large-scale offshore energy hubs, which will enable the massive scaling required for the next generation of offshore wind deployment globally,” CIP explained.
Some of the advantages of energy islands include a substantial reduction in power transmission costs, large-scale offshore green hydrogen production, and synergies between power and hydrogen production.
Copenhagen Energy Islands is an independent company majority-owned by CIP and a group of investors with a track record of investments in renewable energy infrastructure, including PensionDanmark, PFA, SEB, and Andel.
“[The] challenge for offshore wind is less about building the incremental offshore wind farm, but more about how to integrate large-scale offshore wind energy into the global energy systems. We see energy islands as a key tool in solving this challenge and realizing the ambitious offshore wind targets across the globe,” said Jakob Baruël Poulsen, managing partner and founder of CIP.
