Copenhagen Infrastructure Partners (“CIP”) is launching Copenhagen Energy Islands (“CEI”), a new development company dedicated to developing energy islands globally with backing from Nordic, European, and North American investors,
Copenhagen Energy Islands will build on CIP’s long-standing experience and expertise within offshore wind to develop energy island projects globally, and is currently developing a portfolio of around 10 energy island projects around the North Sea, the Baltic Sea and in 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. They combine existing, proven technologies in a new and innovative way and at a significantly larger scale, allowing for a cost-efficient build-out and integration of offshore wind. Key value drivers include a substantial reduction in power transmission costs, large-scale offshore green hydrogen production and related synergies between power and hydrogen production.
Copenhagen Energy Islands is an independent company majority-owned by CIP and a group of investors. The founding group includes major Nordic, European and North American investors with a track record of investments in renewable energy infrastructure, including PensionDanmark, PFA, SEB, and Andel.
“Our vision is to provide concrete solutions to the global challenge of scaling up renewables. If we want to achieve net-zero carbon emissions by 2050, we will need to scale up the deployment of offshore wind and other renewables to an unprecedented level. Today, the challenge for offshore wind is less about building the incremental offshore wind farm, but more 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.
Copenhagen Energy Islands is headquartered in Copenhagen with a team of industry professionals with extensive experience within renewables, infrastructure, and finance.
For more information about Copenhagen Energy Islands, visit copenhagenenergyislands.com.
“We believe that energy islands will play a key role in accelerating the global transition towards future demands for renewable energy and carbon neutrality. PFA already has experience working closely together with CIP on early-stage energy island development and other renewable energy projects, and we expect that our investment in Copenhagen Energy Islands will create value for our customers and contribute to the green transition,” said Kasper Ahrndt Lorenzen, CIO at PFA.
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.
CIP manages 12 funds and has to date raised approximately EUR 28 billion for investments in energy and associated infrastructure from more than 160 international institutional investors. CIP has approximately 500 employees and 12 offices
