CIP selected to take a major role in the build out of offshore wind in Taiwan

Copenhagen Infrastructure Partners’ (CIP) portfolio of Taiwanese offshore wind development projects applied for grid in the Bureau of Energy selection process for allocation of a total capacity of 3.5 GW by the end of April 2018. On April 30, it was announced that CIP has been allocated 600 MW for the projects Changfang and Xidao located 13-15 km of the coast of Changhua County, as well as 300 MW for Site 29 (also Changhua), which it will develop with partners China Steel Corporation and DGA. With a combined volume of 900 MW CIP will consequently take a major role in building the offshore wind industry in Taiwan.

The selection process has been highly competitive evidenced by the large number of developers participating in the selection process, which resulted in more than 10 GW of applications for the 3.5 GW of available grid. Three main companies have been awarded significant capacity: CIP (900 MW including 300 MW with partners), WPD (1073 MW), Ørsted (900 MW).

“The offshore projects awarded grid in Taiwan represent a significant outcome for CIP in a new and fast-growing market for offshore wind,” said CIP Partner Michael Hannibal and continued: “CIP are very pleased with BOE allocating grid to our projects and recognizing our global leading expertise within offshore wind and our Taiwanese localization.”

“Taiwan has unique advantages to develop offshore wind, and CIP are delighted to take a significant role in making offshore wind a success and sustainable part of the future energy system in Taiwan. CIP and its Taiwanese partners have made significant commitments to establish a local supply chain as the industry is developing in South East Asia CIP will continue to focus on localization related to the three main areas; supply chain, finance and talent cultivation”, said Michael Hannibal.

For any further information relating the Taiwanese projects, please contact:

Jesper Krarup Holst, CEO CI Wind Power Development Taiwan Co.
Phone: +886905556204 Email: jkh@cip.dk

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.