Ørsted, CIP to Develop 5.2GW of Offshore Wind in Denmark

October 25, 2022

Credit: Ørsted
Credit: Ørsted

Denmark's Ørsted and Copenhagen Infrastructure Partners (CIP) have teamed up to develop 5.2 gigawatts (GW) of offshore wind in Denmark, corresponding to more than double the country's current installed capacity, the two companies said on Tuesday. 

The total of four projects will be developed through the so-called open-door procedure where the developers takes initiative to build an offshore wind farm without a government tender. 

"Ørsted and CIP hope that the projects can be built prior to and in parallel with the projects in the government tenders," the companies said, adding that the projects might be feasible already by 2027 or 2028. It is not yet certain that the partnership will be able to actually build the projects as they will need to obtain approval from authorities. 

Denmark today has 2.3 gigawatt of offshore wind installed. CIP was founded by former Ørsted executives in 2012 and has since become a major developer and fund manager within renewable energy. Ørsted is the world's largest developer of offshore wind. 

The 50/50 partnership is subject to merger clearance, which is expected before the end of 2022. 

(Reuters - Reporting by Stine Jacobsen, editing by Terje Solsvik)



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