CIP launches new company dedicated to developing energy island projects globally

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Copenhagen Infrastructure Companions (“CIP”) is launching Copenhagen Power Islands (“CEI”), a brand new growth firm devoted to creating vitality islands globally with backing from Nordic, European, and North American traders

COPENHAGEN, Denmark, Jan. 19, 2024 (GLOBE NEWSWIRE) — Copenhagen Power Islands will construct on CIP’s long-standing expertise and experience inside offshore wind to develop vitality island tasks globally, and is presently creating a portfolio of round 10 vitality island tasks across the North Sea, the Baltic Sea and in South-East Asia.

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Power islands are large-scale offshore vitality hubs, which can allow the huge scaling required for the following era of offshore wind deployment globally. They mix present, confirmed applied sciences in a brand new and progressive manner and at a considerably bigger scale, permitting for a cost-efficient build-out and integration of offshore wind. Key worth drivers embrace a considerable discount in energy transmission prices, large-scale offshore inexperienced hydrogen manufacturing and associated synergies between energy and hydrogen manufacturing.

Copenhagen Power Islands is an unbiased firm majority-owned by CIP and a gaggle of traders. The founding group contains main Nordic, European and North American traders with a monitor document of investments in renewable vitality infrastructure, together with PensionDanmark, PFA, SEB, and Andel.

“Our imaginative and prescient is to offer concrete options to the worldwide problem of scaling up renewables. If we wish to obtain net-zero carbon emissions by 2050, we might want to scale up the deployment of offshore wind and different renewables to an unprecedented stage. At this time, the problem for offshore wind is much less about constructing the incremental offshore wind farm, however extra the right way to combine large-scale offshore wind vitality into the worldwide vitality methods. We see vitality islands as a key device in fixing this problem and realizing the formidable offshore wind targets throughout the globe,” stated Jakob Baruël Poulsen, Managing Accomplice and founding father of CIP.

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Copenhagen Power Islands is headquartered in Copenhagen with a crew of business professionals with intensive expertise inside renewables, infrastructure, and finance.

For extra details about Copenhagen Power Islands, go to copenhagenenergyislands.com.

For additional info, please contact:

E-mail: media@cip.com

Oliver Routhe Skov, Head of Media Relations
Telephone: +45 30541227
Electronic mail: orsk@cip.com

Thomas Kønig, Accomplice – Investor Relations
Telephone: +45 7070 5151
Electronic mail: tkon@cip.com

Additional quotes for editorial use:

PensionDanmark
“We see an amazing industrial potential in vitality islands globally and as a powerful contender for the efficient rollout of liquid inexperienced hydrogen on a big scale. CEI has the potential to turn into a catalyst and actual world chief within the institution of vitality islands making it a gorgeous funding alternative for returns to our members’ pension financial savings,” stated Peter Stensgaard Mørch, deputy CEO of PensionDanmark.

About PensionDanmark
PensionDanmark is Denmark’s largest labour market pension fund and one of many 50 largest pension funds in Europe. PensionDanmark administers collective and company-agreed labor market pensions, well being schemes and schooling funds for over 823,000 members employed in 23,200 personal and public firms. PensionDanmark is a customer-owned firm, the place your entire revenue goes to the members. PensionDanmark has roughly EUR 40bn beneath administration.

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PFA
“We imagine that vitality islands will play a key position in accelerating the worldwide transition in direction of future calls for for renewable vitality and carbon neutrality. PFA already has expertise working intently along with CIP on early-stage vitality island growth and different renewable vitality tasks, and we count on that our funding in Copenhagen Power Islands will create worth for our clients and contribute to the inexperienced transition,” stated Kasper Ahrndt Lorenzen, CIO at PFA.

About PFA
PFA is Denmark’s largest industrial pension supplier, and the clear majority of the worth that we create is returned to our 1,3 million clients. Based in 1917 by the labour market operators, PFA’s core mission is to offer monetary safety, a very good senior life, well being options and contribute to a sustainable society.

SEB
“At SEB, we’re accelerating the sustainable transition along with our purchasers and companions. We now have at all times believed that the longer term is determined by making nice concepts occur and by investing in Copenhagen Power Islands, our ambition is to dwell as much as our function of positively shaping the longer term, with accountable recommendation and capital. At this time and for generations to return,” says Kristian Skovmand, Nation Supervisor, SEB Denmark.

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About SEB
In Sweden and the Baltic nations, SEB provides monetary recommendation and a variety of monetary providers. In Denmark, Finland, Norway, Germany and the UK, we have now a powerful concentrate on company and funding banking based mostly on a full-service providing to company and institutional purchasers. The worldwide nature of SEB’s enterprise is mirrored in our presence in additional than 20 nations worldwide, with round 17,500 staff. At 30 September 2023, the Group’s whole property amounted to SEK 4,134 bn whereas property beneath administration totalled SEK 2,194bn. Learn extra about SEB at sebgroup.com.

Andel
“Local weather modifications and the implications of the worldwide vitality disaster have gotten more and more evident. Power islands is a key driver in establishing giant quantities of latest renewable vitality in an environment friendly and cost-effective method, permitting us to section out fossil fuels and scale back CO2 emissions. As a co-investor in Copenhagen Power Islands, we contribute to the event of latest native vitality hubs, taking important steps in direction of a greener future,” says Jesper Hjulmand, Group CEO of Andel.

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About Andel
Andel is Denmark’s main vitality and fibre-optic group. We’re a cooperative society and a gaggle with subsidiaries. Collectively, we’re concerned in your entire vitality worth chain. We have interaction in vitality manufacturing, infrastructure, buying and selling actions, and buyer options. We put money into actions that assist the inexperienced transition and produce sustainable vitality from our offshore wind farm Rodsand II and Tryggevaelde photo voltaic park. By means of our half possession of Ørsted, Andel takes half in e.g. offshore wind energy throughout a lot of the world. Andel has 2.8 million buyer relationships throughout Denmark and employs roughly 2.000 colleagues.

About Copenhagen Infrastructure Companions
Based in 2012, Copenhagen Infrastructure Companions P/S (CIP) right this moment is the world’s largest devoted fund supervisor inside greenfield renewable vitality investments and a world chief in offshore wind. The funds managed by CIP concentrate on investments in offshore and onshore wind, photo voltaic PV, biomass and energy-from-waste, transmission and distribution, reserve capability, storage, superior bioenergy, and Energy-to-X.

CIP manages 12 funds and has so far raised roughly EUR 28 billion for investments in vitality and related infrastructure from greater than 160 worldwide institutional traders. CIP has roughly 500 staff and 12 places of work all over the world. For extra info, go to www.cip.com.

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