Our Investments

Brigg – 40MW biomass power plant in the UK

Brigg

Through a partnership with Burmeister & Wain Scandinavian Contractors (BWSC), Copenhagen Infrastructure I has invested in the Brigg Renewable Energy Plant. The project has a total CAPEX of GBP 160m of which Copenhagen Infrastructure I is funding 80%, through senior debt and preferred equity.  

The Brigg Renewable Energy Plant has been developed by the leading British renewable energy company, Eco2. BWSC collaborates with Eco2 on a number of projects, including a woodchip-powered plant in Wales and a similar straw-powered plant, which BWSC is currently building in Sleaford, Lincolnshire.

The Brigg biomass power plant is being built by BWSC who will also be responsible for operation and maintenance of the plant for a period of 15 years. The power plant will be primarily straw-fuelled and will have a capacity of 40 MW. The energy produced by the plant will correspond to the total consumption of 70,000 households and will result in an annual CO2 emissions reduction of approx. 300,000 tonnes.

The plant, which is expected to be operational in early 2016, will be based on technology developed in Denmark. The core of the plant will be a boiler primarily used for firing straw from the Danish company BWE. The steam created by firing straw will be conducted to a turbine generator, which will produce electricity for households and businesses in the vicinity.

For more information please see our press release by clicking  here.

 

Artemis – 900MW offshore converter station

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Through a partnership with TenneT (the Dutch Transmission System Operator), CI Artemis K/S (the second fund managed by Copenhagen Infrastructure Partners) has invested in the offshore transmission (HVDC) platform, Dolwin3. The project has a total CAPEX of EUR 1,9bn, of which Copenhagen Infrastructure I is funding EUR 384m through equity.  

The Dolwin3 project is the eighth offshore transmission platform that TenneT is constructing in the German North Sea and involves the construction of a 900 MW DC grid connection for wind farms in the south-western part of the German North Sea. The DolWin3 project is the third connection in the DolWin cluster. The distance from the wind farms to the coast is about 83 kilometres. The grid connection runs for another 79 kilometres on land to the converter station at Dörpen West, which will serve as the onshore electricity grid coupling point.

The connection is expected to be completed by late 2017 and will be supplied and installed by Alstom, which was awarded the contract to construct and operate Dolwin3 in February 2013. Alstom has subcontracted the construction of the offshore platform to the experienced shipyard, Nordic Yards, which has already constructed three out to the eight offshore transmission platforms that TenneT has constructed.

For more information please see our press release by clicking here.

 

Borea – 275,75MW onshore wind portfolio in the UK

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Copenhagen Infrastructure I has invested GBP 153m of Equity into Falck Renewables S.P.A.’s (Falck) operational UK onshore wind portfolio.

The investment is a joint venture with Falck, in which Copenhagen Infrastructure Partners I has a 49% ownership share in Falck’s operational onshore wind portfolio in Scotland and Wales. The portfolio includes:

The portfolio has a total capacity of 272.75 MW, which supplies approximately 160,000 households with renewable electricity. 

The projects were developed and constructed by Falck and are based on a diversified range of turbine technologies including Enercon, General Electric and Nordex. The daily operations are outsourced to the respective turbine technology providers and Falck carries out asset management services on behalf of Copenhagen Infrastructure I.  

For more information please see our press release by clicking here.

 

Beatrice – wind farm production potential of up to 664MW   

Beatrice

On behalf of its two funds, Copenhagen Infrastructure I and II, Copenhagen Infrastructure Partners (CIP) acquired 25% of the Beatrice project from SSE. Copenhagen Infrastructure I owns 12.5%, Copenhagen Infrastructure II 12.5%, SSE 50% and Repsol 25%.

The wind farm is located in the Outer Moray Firth (Scotland) on the north western point of the Smith Bank and has the potential to generate up to 664MW of renewable energy (consent granted on March 2014). It is approximately 13.5km from the Caithness coastline and will have an expected development site area of approximately 131.5km².

The site is approximately 11km to the north-east of the world’s first deep water wind farm development – the two-turbine (10MW) Beatrice Demonstrator Project, which has been operational since 2007 and provides power to a nearby oil production platform.

The Beatrice project is one of five offshore wind projects in the UK awarded an Investment Contract by the UK government (fixed inflation indexed settlement price for a 15 year period). The project has been substantially developed by SSE plc (SSE) and Repsol S.A. (Repsol) and is progressing towards Final Investment Decision in 2016. The offshore wind farm is planned to be fully operational in 2019.

For more information please see our press release by clicking here.

For link to Beatrice Offshore Windfarm Environmental Statement, please click here, and for Beatrice Offshore Windfarm Transmission Works Environmental Statement, please click here.

 

 

Snetterton – biomass fired power plant of 44.2MW   

Snetterton

Through the joint venture partnership established with Burmeister & Wain Scandinavian Contractors (BWSC) in 2013, Copenhagen Infrastructure I invested in their second biomass fired power plant in England. Known as Snetterton and located in East Anglia, in Eastern England, it will have a capacity of 44.2MW and a total CAPEX of DKK 1.6bn.

As with the Brigg power plant, the project has been developed by Eco2, together with Iceni Energy. BWSC will construct, operate and maintain the power plant throughout a 15 year period. It is expected to be operational by Spring 2017.

The main part of the power plant is a boiler from the Danish company Burmeister & Wain Energy (BWE), which is especially suited for firing with straw. The main fuel source will be straw and will be sourced from the local region.

For more information please see our press release by clicking here.

 

Veja Mate – a wind farm of 402 MW

Veja MateIn June 2015 Copenhagen Infrastructure II invested EUR 250 million in the form of a

mezzanine loan, and equity will be provided by Siemens Project Ventures GmbH and Highland Group Holdings Ltd. A club of six commercial banks, KfW and EKF (Danish ECAs) acted as Mandated Lead Arrangers and provided senior financing to the project.

The Veja Mate project is located in the German part of the North Sea approximately 95 km from the coast. With 67 Siemens turbines of each 6.0MW, Veja Mate will have a total capacity of 402 MW making it one of the larger projects currently under construction in the North Sea. Final Investment Decision has been made in June 2015  and the offshore wind farm is planned to be fully operational in 2017.

For more information please see our press release by clicking here.

For link to Veja Mate Offshore Wind Project GmbH planning permit and EIA please click here.