Copenhagen Infrastructure Partners (CIP) has secured nearly 1,300 square kilometers of seabed off the coast of Gippsland in Victoria's eastern waters for the development of two offshore wind projects in Australia. CIP has exclusive rights to develop offshore wind projects in two designated areas: one spanning 586 square kilometers and the other 689 square kilometers. Together, the two projects have the potential to deliver up to 4.4 GW of capacity, enough to power 2.4 million homes.

In addition, CIP has launched Southerly Ten, a dedicated platform company for the specialist development and delivery of offshore wind projects in Australia. Southerly Ten will lead the development and delivery of CIP’s Australian offshore wind portfolio, including its first two projects, Star of the South and Kut-Wut Brataualung.

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CIP’s Flagship Funds will provide capital for project development and to grow Southerly Ten. Subsequently, subject to investment decisions at the time, CIP intends to provide the capital for project construction.

The company entered Australia in 2017, investing in the development of offshore wind and pioneering a new local industry. Southerly Ten demonstrates CIP’s ongoing commitment to unlocking the energy, climate, and economic benefits of the Australian wind market.

“CIP was a first mover in developing offshore wind in Australia and has been proudly working with local communities, government, and industry to kickstart an offshore wind industry,” said Jørn Hammer, partner and Head of CIP Australia.

About Copenhagen Infrastructure Partners 

Copenhagen Infrastructure Partners (CIP) is a Danish investment firm that specializes in infrastructure investments, particularly in the renewable energy sector. Founded in 2012, CIP has grown to become one of the world’s largest dedicated renewable investment firms, with approximately USD 31 billion raised for renewable energy projects around the world.

CIP’s primary focus is on greenfield renewable energy projects. By entering early into these projects, the company gains exclusive access to some of the most attractive investment opportunities. The process of de-risking and structuring these projects creates an attractive risk-adjusted return for investors while also having a significant positive impact on local society and the environment.

The firm manages 12 funds and has a market-leading portfolio of green energy projects, totaling approximately 120 GW. These projects span across various technologies and geographies, and are managed by a team of over 500 passionate and entrepreneurial energy visionaries. CIP’s portfolio includes offshore wind, onshore wind, solar PV, energy storage, power-to-X, waste-to-X, and other renewables.

Read: Australia Approves Feasibility Licences for 6 Offshore Wind Projects

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