Veja Mate: Offshore substation successfully installed in time

We are pleased to announce that last night a major milestone in the Veja Mate project was reached, when the offshore substation was successfully installed. The installation was completed only 14 months after financial close of the project and two weeks ahead of schedule. This milestone achievement followed the on time completion of the monopile installation earlier this year. The installation of the inter array cables is ready to start by beginning October. The project is on budget and time for completion in 2017.

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.