CIP plans to develop a 1 GW offshore wind farm in New Zealand
Copenhagen Infrastructure Partners (CIP) and the NZ Super Fund have teamed together to investigate the feasibility of establishing a 1 GW offshore wind project in the South Taranaki Bight on the west coast of New Zealand. The feasibility research and development will be handled by a new jointly-owned firm.
The partners are currently in the early stages of evaluating the project's feasibility, which is estimated to take roughly two years. The project would meet nearly 11% of New Zealand's current power demand and help the government reach its goal of 100% renewable energy by 2030. It will generate enough green energy to power over 650,000 homes.
The project could later expand to 2 GW, helping to meet strong projected growth in demand for electricity in New Zealand.
Country news
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February 19, 2021
Macquarie raises EUR1.6 billion for Renewable Energy Fund
Macquarie Infrastructure and Real Assets (MIRA) has raised more than EUR1.6 billion (USD1.93 billion) for investment in renewable energy with the final close of Macquarie Green Investment Group Renewable Energy Fund 2 (MGREF2) – exceeding its initial minimum fundraising target of EUR1 billion (USD1.2 billion).
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April 24, 2018
Resonance Industrial Water Infrastructure Fund invests in bioenergy projects
ReNu Energy Limited has announced that it has reached an agreement with Resonance Asset Management Limited regarding the sale of a 70% majority equity stake in ReNu Energy’s existing bioenergy assets. Resonance will acquire the assets through the specialised international infrastructure investment fund, Resonance Industrial Water Infrastructure Fund Limited (RIWIF).
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March 02, 2018
AMP Capital Aussie funds get first New Zealand investors
The AMP Capital Diversified Infrastructure Trust (ADIT) and AMP Capital Core Infrastructure Fund (CIF) have attracted their first New Zealand investors, reflecting growing interest locally in the asset class.
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October 14, 2016
Longroad announces new investors
Longroad Energy Holdings has announced the closing of an equity investment and credit commitment from two partners: Infratil Limited, a publicly traded infrastructure investor, and the New Zealand Superannuation Fund, a sovereign wealth fund. Read more -
June 20, 2016
Colonial First closes acquisition of NZ Maui Pipeline
Colonial First State Global Asset Management's (CFSGAM) managed infrastructure funds have completed the acquisition of Maui natural gas pipeline (MGP) in New Zealand from the joint venture made up Shell, Todd and OMV. Read more
