CIP to invest in 2 GW offshore wind project in Portugal
Copenhagen Infrastructure Partners (CIP) has announced its plans to construct the 2 GW Nortada Offshore Wind Project in Figueira da Foz Portugal. This project is estimated to require an investment of approximately EUR8 billion (US$8.5 billion).
Nortada will be the first large-scale offshore development in Portugal, and Abreu Advogados' Energy and Natural Resources team has been instrumental in providing assistance to CIP in the areas of marine spatial planning, power sector regulation, environmental impact assessment, economic operations licensing, social and scientific cooperation framework, corporate and tax matters.
CIP is an infrastructure fund management company based in Denmark.
Country news
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November 10, 2022
Sonnedix acquires 262 MW Solar PV portfolio in Portugal
Sonnedix has announced its acquisition of a 262 MWp solar photovoltaic (PV) portfolio consisting of seven ground-mounted solar farms built across Portugal. The portfolio is now under construction or in the final stages of development.
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September 12, 2022
Engineering services contract awarded for 500 MW Hydrogen Project in Portugal
NextChem has been awarded a Pre-FEED engineering services contract for the development of the 500 MW MadoquaPower2X green hydrogen plant located in Sines, Portugal.
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February 10, 2022
Construction completed for 1.15 GW pump hydropower complex in Portugal
Iberdrola has synchronized the first 220 MW turbine at the Gouvães hydroelectric power plant, delivering clean power to the grid for the first time.
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February 06, 2020
Europe connects 3.6GW of new offshore wind in 2019
Europe connected 3.6 GW of new offshore wind capacity in 2019 according to the report by WindEurope released today. This is a record in annual installations.
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December 23, 2019
EUR2.2bn 1.7 GW hydroelectric portfolio acquired in Portugal
ENGIE, together with its consortium partners Crédit Agricole Assurances and Mirova, an affiliate of Natixis Investment Managers, has won a competitive process conducted by EDP for the acquisition of Portugal’s second largest hydroelectric portfolio, for an enterprise value and consideration of EUR2.2 billion (US$2.4 billion).
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