CIP and Andel team up for Danish offshore wind bid

Danish fund manager Copenhagen Infrastructure Partners (CIP) and compatriot energy and fiber network group Andel have joined forces to bid on two offshore wind projects in Denmark.

Earlier this year, a political agreement laid the foundation for the largest Danish build-out of offshore wind historically at 9 GW. The Danish authorities have designated areas for construction of offshore wind farms in the Northsea, Kattegat, and the Baltic Sea through a screening process followed by pre-investigations of the sites.

The partnership between CIP and Andel is looking to develop an offshore wind farm called Hesselø in Kattegat north of the Danish island of Zealand and Kriegers Flak II in the Baltic Sea. Hesselø wind farm is planned for completion by 2029 and Kriegers Flak II by 2030. The duo will have a total minimum installed capacity of 1.8 GW and be able to supply power to the equivalent of 2m homes.

“Hesselø and Kriegers Flak II are very important pieces of the puzzle that is the transition of the Danish energy system. It is of utmost importance that we keep the transition moving, and at Andel and CIP we are ready to do our part of the job. Andel has strong competences in operating electricity supply and trading energy in large volumes both financially and to consumers, so Andel is a partner that complements our competences very well. Our common ambition is to be an important driver in the realisation of the potential for even larger amounts of renewable energy generation in Danish waters,” said Jakob Baruël Poulsen, managing partner at CIP.

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