On behalf of Copenhagen Infrastructure II, Copenhagen Infrastructure Partners has acquired 100% of Offshore MW LLC, a company holding a 166,886 acre (675 square km) offshore wind energy lease issued by the US Bureau of Ocean Energy Management and located south of Massachusetts. Offshore MW is eligible to participate in the utility tender program established by recently enacted legislation in Massachusetts, which calls for a total of 1600 MW of new offshore wind capacity until 2027. The first tender round to obtain a long term power offtake agreement is expected to take place mid-2017, leading to first power from the winning project approximately four years later.
The project will be continuously developed by the existing local development team, supported by senior industry experts from Copenhagen Infrastructure Partners.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, and other energy assets like reserve capacity and storage. CIP has approximately 110 employees and offices in Copenhagen, Taipei, New York, Tokyo, Utrecht, and London.
CIP manages six funds and has more than EUR 8 bn under management. CI I, CI A I and CI A II have PensionDanmark as founding- and sole investor. CI II has 19 Danish and international institutional investors and CI III has 42 institutional investors from the Nordics, Continental Europe, the UK, Israel, Asia, Australia, and multi-lateral organizations e.g. EIB. CI NMF I has 15 investors from the Nordics and Continental Europe.
CIP was founded in 2012 by senior executives from the energy industry in cooperation with Pension Denmark.