Copenhagen Infrastructure Partners (CIP) is joining NorSea and Parkwind in a partnership to develop floating offshore wind projects in Norway, initially targeting the Utsira Nord tender. CIP has teamed up with KLP, a Norwegian pension fund, as a strategic co-investor.
The Utsira Nord tender’s first tender round in 2023 will initially offer 1.5 gigawatts of capacity. The three companies are planning to combine their expertise in developing, financing and constructing renewable assets to successfully enter the Norwegian floating offshore market.
This announcement is in line with Norway’s commitment to establishing 30 gigawatts of offshore wind power by 2040 with the target of reaching net zero by 2050. The Norwegian government has plans to develop a competitive supplier base, technology hub and industry around floating offshore wind.
“We are very pleased to enter into this partnership with such capable and ambitious partners,” said Nischal Agarwal, partner