CIP opens project office in Taipei and announces collaboration with state-owned partner China Steel and Diamond Generation Asia
Copenhagen Infrastructure Partners (CIP) Project office in Taiwan was officially unveiled on 6th October. The ceremony was attended by Deputy Minister Yang of Ministry of Economic Affairs and Director General of Bureau of Energy Mr. Lin together with local partners Chairman of China Steel Company Weng Chao-Tung and Chairman of CSBC Cheng Wen-Lon alongside representatives from local financial institutions, potential suppliers and government officials.
CEO of CI Wind Power Development Taiwan Co. Ltd, Jesper Krarup Holst, said ”CIP is currently developing 3 offshore wind farms in Taiwan located west of Changhua with a total capacity of up to 1500MW. The 3 projects are in the process of applying for the environmental permit which is required to be in place by the end of 2017.”
Deputy Minister Yang of Ministry of Economic Affairs welcomed CIP to Taiwan in his speech and expects CIP uses its offshore wind experience from Europe to establish a ‘green homeland’ in Taiwan. The Deputy Minister also presented CIP a traditional gift ‘radish’ that symbolizes ‘good luck’.
In the ceremony, CIP Taiwan Chairman Mr. Eldrup explained that “CIP is developing the 3 projects in close collaboration with local companies and universities in Taiwan and has signed MOUs with CSBC and Changhua County Government”. Mr. Eldrup further stated that “CIP expects to set up the Operation and Maintenance base for the projects in Changhua and will launch an apprenticeship programme for wind turbine technicians at the Chienkuo Technology University in Changhua.”
During the opening ceremony, a collaboration with China Steel and Diamond Generation Asia, subsidiary of Mitsubishi Corporation, on offshore wind Zone number 29 was announced. Zone 29 received environmental approval on 29 September.
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.