Statkraft has announced a major deal with Copenhagen Infrastructure Partners’ fund Copenhagen Infrastructure IV K/S as part of its plans to develop up to 2.2 gigawatts of offshore wind in Ireland. This landmark partnership will see CIP acquire a 50% stake in Statkraft’s offshore wind portfolio in Ireland. The financial terms of the deal have not been disclosed.The scope of the partnership includes the three phases of the North Irish Sea Array, or NISA, and the Bore Array. The proposed location for NISA is off the coast of counties Dublin, Louth, and Meath, while the site of the Bore Array has been proposed for the Celtic Sea. Developing and building these projects is expected to require an investment of more than EUR 4 billion by Statkraft and CIP by 2030. Within offshore wind, Statkraft is pursuing an industrial role in the North Sea and Ireland. This agreement is an important step in delivering on this ambition. Statkraft intends to play a major role in the development of an offshore wind industry in Norway. The company has ten years of experience from offshore wind in the UK and extensive expertise in developing and operating large renewable projects. Statkraft is taking part in two strong consortia pursuing bids to develop the first Norwegian offshore wind projects.
Statkraft has announced a major deal with Copenhagen Infrastructure Partners’ fund Copenhagen Infrastructure IV K/S as part of its plans to develop up to 2.2 gigawatts of offshore wind in Ireland. This landmark partnership will see CIP acquire a 50% stake in Statkraft’s offshore wind portfolio in Ireland. The financial terms of the deal have not been disclosed.The scope of the partnership includes the three phases of the North Irish Sea Array, or NISA, and the Bore Array. The proposed location for NISA is off the coast of counties Dublin, Louth, and Meath, while the site of the Bore Array has been proposed for the Celtic Sea. Developing and building these projects is expected to require an investment of more than EUR 4 billion by Statkraft and CIP by 2030. Within offshore wind, Statkraft is pursuing an industrial role in the North Sea and Ireland. This agreement is an important step in delivering on this ambition. Statkraft intends to play a major role in the development of an offshore wind industry in Norway. The company has ten years of experience from offshore wind in the UK and extensive expertise in developing and operating large renewable projects. Statkraft is taking part in two strong consortia pursuing bids to develop the first Norwegian offshore wind projects.
