(NEW YORK, NY) – A fund managed by Copenhagen Infrastructure Partners (CIP), yesterday acquired lease area OCS-A 0544 in the region known as the New York Bight. Copenhagen Infrastructure Partners funds are also behind half of the joint venture of the Vineyard Wind I project.
“The auction of lease areas in the New York Bight represented a strong investment opportunity given the anticipated growth of the offshore wind industry in the US in the coming years,” said Christian Skakkebæk, Senior Partner and Cofounder of CIP. “By adding OCS-A 0544, our combined portfolio on the East Coast gives us the ability to find synergies across the entire project portfolio.”
In addition to Vineyard Wind, CIP, through its management of CI IV, also owns lease area OCS-A 522, which is located in the New England Wind Development Area. Acquisition of this latest lease area gives CIP the potential to develop at least 3.5 gigawatts of energy on the East Coast of the United States.
“The addition of this latest lease area will allow us to serve key markets along the Eastern Seaboard from New Jersey to New England,” continued Skakkebæk. “With one project already under construction and now two lease areas prime for development, CIP is proud to build on its industry leading experience and strong existing team and looks forward to bringing the jobs and environmental improvements that will benefit the entire region.”
About Mid-Atlantic Offshore Wind LLC
Mid-Atlantic Offshore Wind LLC is owned by CI IV, the latest of CIP’s flagship funds. CI IV reached final close in April of 2021 after raising EUR 7 billion and is currently the largest managed fund in the world focused exclusively on renewable energy.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S is a fund management company with approx. EUR 16 billion of assets under management focused on investments in energy infrastructure, including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, and other energy assets like Power-to-X. CIP has approximately 300 employees and offices in Copenhagen, London, Hamburg, Utrecht, New York, Tokyo, Singapore and Melbourne. For more information on CIP, visit www.cip.dk
For further information, please contact:
Julie Drewes, Communication Officer, Phone: +45 60564829, Email: email@example.com