CIP enters into partnership with Offshore Energy for Australian offshore wind project
Offshore Energy Pty Ltd. (Offshore Energy) and Copenhagen Infrastructure Partners (CIP), on behalf of the fund Copenhagen Infrastructure III K/S (CI III), announced that they have entered into a partnership regarding the continued development of Australia’s first offshore wind farm, the Star of the South. The project has so far been developed solely by Offshore Energy.
The Star of the South is located off the south coast of Gippsland, Victoria. The site is located 10-25 km off the coast in the Bass Strait and has a total expected capacity of up to 2,000 MW. Further development of the site will be undertaken jointly by the partnership.
Andy Evans, Managing Director of Offshore Energy, said:
“Offshore Energy is delighted to partner with Copenhagen Infrastructure Partners, one of the leading offshore wind developers in the world, to develop Australia’s first offshore wind farm. The partnership brings together local knowledge and proven international experience that we believe will deliver many benefits for Australia, Victoria and local communities.”
Torsten Lodberg Smed, Senior Partner in Copenhagen Infrastructure Partner, commented:
”Star of the South offers a unique opportunity within offshore wind in a new market. We are very satisfied with this partnership, and look forward to contributing our competence and experience in cooperation with Offshore Energy, all levels of Government and key stakeholders in the development of the first offshore wind project in Australia.”
Country news
-
-
November 27, 2017
Victoria launches 650-MW reverse renewable auction
The Minister for Energy, Environment and Climate Change Lily D’Ambrosio has opened the competitive reverse auction that will deliver up to 650 MW of large-scale renewable energy for Victoria.
Read more -
November 22, 2017
ACCIONA signs financing for wind farm in Victoria
Instituto de Crédito Oficial (ICO) and ACCIONA have signed an agreement for a loan of AUD75 million (US$56 million) to finance the construction and start-up of the Mt. Gellibrand wind farm in the State of Victoria.
Read more -
November 14, 2017
Fin close reached on 1st phase of Nexif's 212 MW wind project in S Australia
Nexif Energy has announced that it has reached financial close for the first stage of the Lincoln Gap Wind Farm in Australia.
Read more -
November 03, 2017
Debt pricing for Emerald Solar Farm emerges
RES Australia announced Emerald Solar Park has reached financial close for both equity and debt on October 24, 2017.
Read more -
October 25, 2017
GIP-led group acquires 100% of Equis Energy
Global Infrastructure Partners (GIP), an independent global infrastructure investor, has announced that its fund, Global Infrastructure Partners III - in conjunction with the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, CIC Capital Corporation and a group of its other Limited Partner Co-Investors - has agreed to acquire 100 percent of the equity interests in the wind and solar renewable energy portfolio of Equis Funds Group for US$5.0 billion (including assumed liabilities of US$1.3billion).
Read more
