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CIP sets up energy islands developer

RICHARD HEAP

January 19, 2024

Copenhagen Infrastructure Partners has set up a development company to work on energy island projects in Europe and Asia.

Copenhagen Energy Islands is currently focused on developing offshore energy hubs, including offshore wind, in the North Sea, Baltic Sea and southeast Asia. The company has ten projects and financial backing from major Nordic, European and North American investors, including PensionDanmark, PFA, SEB and Andel.

Jakob Baruël Poulsen, managing partner and founder of CIP, said: “If we want to achieve net-zero carbon emissions by 2050, we will need to scale up the deployment of offshore wind and other renewables to an unprecedented level. Today, the challenge for offshore wind is less about building the incremental offshore wind farm, but more how to integrate large-scale offshore wind energy into the global energy systems. We see energy islands as a key tool in solving this challenge and realising the ambitious offshore wind targets across the globe.”

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