CIP sets up new offshore wind platform in Australia

Denmark’s Copenhagen Infrastructure Partners (CIP) on Wednesday announced the launch of a new platform dedicated to the development of offshore wind projects in Australia and confirmed two feasibility awards in a recent offshore wind licensing round in the country.

The new platform dubbed Southerly Ten and will lead the development and delivery of CIP’s Australian offshore wind portfolio, including its first two projects – the Star of the South and Kut-Wut Brataualung. Charles Rattray, the Star of the South’s CEO, will be at the helm of the new business.

“We are excited about the prospects of Southerly Ten to expand on CIP’s extensive global experience and expertise in offshore wind development,” said Jorn Hammer, partner and head of CIP Australia.

CIP’s Star of the South and Kut-Wut Brataualung projects this week secured licences to study the feasibility of building offshore wind parks in Australia’s first offshore development zone off the coast of Gippsland, Victoria. The awards provide CIP with site exclusivity to develop offshore wind projects over two seabed areas covering 586 sq km and 689 sq km, respectively, and add up to 4.4 GW of combined power generation capacity.

CIP’s flagship funds will provide capital for project development and to grow Southerly Ten.

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