The NZD58 billion ($40 billion) NZ Super Fund and Copenhagen Infrastructure Partners (CIP) have partnered on a large-scale offshore wind energy project in the South Taranaki Bight. A newly established, jointly held company will manage the feasibility study and development.
This marks CIP’s first investment in Aotearoa New Zealand, and follows the NZ Super Fund’s NZD208 million ($144 million) commitment to CIP’s new Energy Transition Fund (CI ETF I) in October 2021.
CIP has some NZD25 billion ($17 billion) of assets under management and 30 gigawatts of offshore wind projects under development, construction and operation across North America, Europe, Asia and Oceania. CIP’s investment in the South Taranaki project is part of a broader project development pipeline for its upcoming flagship fund, CI V.
“The climate crisis is driving a global shift in how
