Copenhagen Infrastructure Partners

Avangrid Renewables and Copenhagen Infrastructure Partners Announce Strategic Transaction to Advance Offshore Wind Development

Tuesday, September 21, 2021 - 12:44pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210921005633/en/
    Avangrid Renewables and Copenhagen Infrastructure Partners restructures joint venture with Vineyard Wind 1 remaining a 50/50 joint venture between the parties, Lease Area OCS-A 534 containing Park City Wind and Commonwealth Wind to be owned by Avangrid Renewables and Lease Area OCS-A 522 to be owned by Copenhagen Infrastructure Partners.
  • (Graphic: Business Wire)
    The Vineyard Wind joint venture, which pioneered offshore wind in the United States, has successfully built a portfolio that includes Vineyard Wind 1, the first commercial scale offshore wind project in U.S. waters.
  • CIP will, through its Copenhagen Infrastructure II K/S and Copenhagen Infrastructure III K/S, continue leading the offshore wind industry by co-leading the construction of the first commercial scale offshore wind project in the U.S., Vineyard Wind 1 of 800 MW.
  • About Copenhagen Infrastructure Partners: Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, and other energy assets like Power-to-X.

Santander Corporate & Investment Banking Has Acted as Financial Advisor for Vineyard Wind 1 – the First Large-Scale Offshore Wind Farm in the U.S.

Thursday, September 16, 2021 - 12:02am

(Santander Bank or Santander) today announced that its Corporate & Investment Banking division (Santander CIB) has acted as financial advisor, joint lead arranger, administrative agent and green loan coordinator for the financing of Vineyard Wind 1, the first large-scale offshore wind farm in the United States.

Key Points: 
  • (Santander Bank or Santander) today announced that its Corporate & Investment Banking division (Santander CIB) has acted as financial advisor, joint lead arranger, administrative agent and green loan coordinator for the financing of Vineyard Wind 1, the first large-scale offshore wind farm in the United States.
  • Vineyard Wind is a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), part of the Iberdrola Group, and Copenhagen Infrastructure Partners (CIP).
  • Vineyard Wind 1 is an 800 MW project located 15 miles off the coast of Marthas Vineyard and will be the first large-scale offshore wind project in the United States.
  • Onshore construction for Vineyard Wind 1 will begin this year, with first power from Vineyard Wind 1 expected to be delivered to the grid in 2023.

Money Trumps Environmentalism: Companies Expand Sustainable Footprint Through Acquisitions

Tuesday, September 14, 2021 - 1:00pm

"As a company, we are laser focused on the continued expansion of our sustainable footprint.

Key Points: 
  • "As a company, we are laser focused on the continued expansion of our sustainable footprint.
  • With Clean Air Day (September 7, 2021) just behind us, the focus on what we are breathing is at the forefront of the conversation.
  • Companies from all sides of industry will look to ensure they haven't missed the boat on the booming cleantech trend.
  • For companies that are already positioned and know the market and customer base, acquisitions will play a key role in building out revenue for shareholders.

AVANGRID Offshore Wind Joint Venture Vineyard Wind 1 Achieves Key Regulatory Milestone

Monday, March 8, 2021 - 5:01pm

The project is under development by Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc., and Copenhagen Infrastructure Partners (CIP).

Key Points: 
  • The project is under development by Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc., and Copenhagen Infrastructure Partners (CIP).
  • BOEMs thorough review of Vineyard Wind 1 ensures that both the project and the offshore wind industry are well-positioned for long-term success.
  • Located 15 miles off the coast of Marthas Vineyard, Vineyard Wind 1 is slated to become the first large-scale offshore wind farm in the United States.
  • Avangrid Renewables, a leading developer of onshore wind and solar, is also pioneering the development of offshore wind in the U.S.

Mitsubishi Heavy Industries and Copenhagen Infrastructure Partners Enter into Joint Venture to Develop Offshore Wind in Hokkaido, Japan

Friday, July 31, 2020 - 1:06am

TOKYO, July 31, 2020 - (JCN Newswire) - Mitsubishi Heavy Industries (MHI) and Copenhagen Infrastructure Partners (CIP) are pleased to announce a joint venture regarding the development of offshore wind projects in Hokkaido, Japan.

Key Points: 
  • TOKYO, July 31, 2020 - (JCN Newswire) - Mitsubishi Heavy Industries (MHI) and Copenhagen Infrastructure Partners (CIP) are pleased to announce a joint venture regarding the development of offshore wind projects in Hokkaido, Japan.
  • The partners have high ambitions to be significant parties in the Japan offshore wind market which is expected to experience significant growth.
  • The partnership will jointly develop projects in Hokkaido, where conditions are attractive for offshore wind.
  • MHI has established a significant presence within offshore wind via the joint venture MHI Vestas Offshore Wind, which has successfully delivered turbines in Europe and expanding its business to emerging markets in the Asia Pacific.

Solar Plus Development Inc. and Avondale Solar, LLC complete the sale of a 350 MWac solar project to an affiliate of Copenhagen Infrastructure Partners P/S

Monday, July 27, 2020 - 11:15pm

AUSTIN, Texas, July 27, 2020 /PRNewswire/ --Solar Plus Development Inc. ("SPDI"), a subsidiary of Plus Renewable Technologies, Limited ("Plus") and Avondale Solar, LLC ("Avondale") (the "Sellers") on July 22, 2020, completed the sale of the 350 MWac solar PV project in Fort Bend County, Texas ("Fighting Jays Solar"), that the Sellers have been developing via their affiliate, AP Solar Holdings, LLC ("AP Solar"), to an affiliate of Copenhagen Infrastructure Partners P/S ("CIP").

Key Points: 
  • AUSTIN, Texas, July 27, 2020 /PRNewswire/ --Solar Plus Development Inc. ("SPDI"), a subsidiary of Plus Renewable Technologies, Limited ("Plus") and Avondale Solar, LLC ("Avondale") (the "Sellers") on July 22, 2020, completed the sale of the 350 MWac solar PV project in Fort Bend County, Texas ("Fighting Jays Solar"), that the Sellers have been developing via their affiliate, AP Solar Holdings, LLC ("AP Solar"), to an affiliate of Copenhagen Infrastructure Partners P/S ("CIP").
  • Snapper Creek Energy Advisors, LLC advised CIP on the structuring and execution of the novel hedge program with Shell.
  • Fighting Jays Solar is expected to break ground in second half of 2020 and be operational by the summer of 2022.
  • Copenhagen Infrastructure Partners P/Sis a Danish developer and investment firm specialized in the energy infrastructure sector.