Statkraft and Copenhagen Infrastructure Partners (CIP) have joined a partnership for the development of up to 2.2GW of offshore wind projects in Ireland.
The new capacity envisaged by the initiative covers the North Irish Sea Array (NISA) and the Bore Array offshore wind projects. Approximately €4bn will have been invested by the companies by 2030.
The NISA facilities will be built off the coast of Dublin, Louth, and Meath, being able to power 500,000 homes. Bore Array, meanwhile, will be located in the Celtic Sea.
Under the terms of the partnership, CIP will now own 50% of Statkraft’s offshore wind portfolio in Ireland. The value of the transaction has not been disclosed.
For more information please visit EICDataStream.