Copenhagen Infrastructure Partners (CIP) through its fund Copenhagen Infrastructure V (CI V) has inked a transaction to fully acquire Morecambe fixed bottom offshore wind project. Morecambe has a capacity of 480 MW and was earlier owned by COBRA Group and Flotation Energy. The project is situated on the west coast of England.
Furthermore, Flotation Energy will continue to serve as the development partner for the project. The project will become a part of CIP’s CI V Flagship Fund which has a target fund size of €12 billion. Additionally, this acquisition also marks the further expansion of CIP’s UK renewable energy development pipeline, which now exceeds 25 GW.
Earlier in October 2024, CIP and Stiesdal Offshore via the CI V fund, announced a strategic collaboration to position Stiesdal Offshore as a long-term leader in the floating wind sector. As part of this partnership, CI V acquired a minority stake in Stiesdal Offshore.
REGlobal’s Views: CIP has already invested 3 offshore wind projects in the UK, through its Flagship Funds. These include the now operational Beatrice Offshore wind farm (588 MW, located in Scotland). Furthermore, it is currently also developing the Pentland and Ossian Floating Offshore wind farms (100 MW and 3,600 MW respectively, both located in Scotland).
