Copenhagen Infrastructure Partners secures two offshore wind feasibility licences in Australia and launches new platform company
May 01 2024 - 4:00AM
CIP, on behalf of its Flagship Funds, today announced it was
successful in Australia’s first offshore wind Feasibility Licence
process securing two licences. CIP has site exclusivity to develop
offshore wind projects over two areas one 586km2 and the other 689
km2. Combined the two projects have the potential to deliver up to
4.4 GW of capacity – enough to power 2.4 million homes.
To coincide with the Australian Government granting CIP’s
Flagship Funds two offshore wind Feasibility Licences, CIP has
launched Southerly Ten – a dedicated platform company for the
specialist development and delivery of offshore wind projects in
Australia.
CIP 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 offshore wind in this market.
“CIP was a first mover in developing offshore wind in Australia
and has been proudly working with local communities, government and
industry to kick start an offshore wind industry,” said Jørn
Hammer, partner and Head of CIP Australia. “We are excited about
the prospects of Southerly Ten to expand on CIP’s extensive global
experience and expertise in offshore wind development.”
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. Established
Australian executive, Charles Rattray will run Southerly Ten.
Rattray has been CEO of Star of the South since August 2022 and has
more than 20 years of experience in energy and finance.
“I am thrilled to lead Southerly Ten and build upon CIP’s
efforts to establish an offshore wind industry in Australia and
continue to grow its pipeline,” said Rattray. “Southerly Ten will
make a significant contribution to Australia’s green energy
transition while bringing economic and job opportunities to the
regions.”
CIP’s Flagship Funds will provide capital for project
development and to grow Southerly Ten and then, subject to
investment decisions at the time, CIP intends to provide the
capital for project construction.
For more information about Southerly Ten, visit
www.southerlyten.com.au.
About Copenhagen Infrastructure PartnersFounded
in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the
world’s largest dedicated fund manager within greenfield renewable
energy investments and a global leader in offshore wind. The funds
managed by CIP focus on investments in offshore and onshore wind,
solar PV, biomass and energy-from-waste, transmission and
distribution, reserve capacity, storage, advanced bioenergy, and
Power-to-X.CIP manages 12 funds and has to date raised
approximately EUR 28 billion for investments in energy and
associated infrastructure from more than 160 international
institutional investors. CIP has approximately 500 employees and 12
offices around the world. For more information, visit
www.cip.com.
About Southerly Ten Southerly Ten is CIP’s
specialist offshore wind energy developer for Australia, from the
team behind Australia’s most advanced offshore wind project – Star
of the South. Southerly Ten brings unmatched commitment and
capability to its mission - to advance an Australian offshore wind
industry and leave a positive legacy of clean energy for future
generations. For more information, visit
www.southerlyten.com.au.
For further information, please contact:
E-mail: media@cip.com
Simon Mehl Augustesen, Chief Communication Officer
Phone: +45 3052 6721
Email: siau@cip.com
Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.com