AMWatch

CIP pursues new green tech to counter oil giants' offshore wind entry

The offshore wind market is growing at an explosive rate, but so is the competition. With an opportunistic approach, Copenhagen Infrastructure Partners attempts to secure high returns among fewer players.

CIP Partner Michael Hannibal expects a golden age for offshore wind in the coming decade. But increasing competition is pressuring returns, making it crucial to secure good projects early on. | Photo: Søren Vendelbo/ERH

The green energy transition within not just the power system, but the transport sector as well, will mean a massive build-out of renewable energy in the coming decades, and investors jump at the chance of getting a share. Not least offshore wind, which still makes up only a small part of the combined electricity system, could be facing a wild decade.

Copenhagen Infrastructure Partners (CIP) announced shortly before Christmas that Vestas will purchase a stake in the green asset manager for what may amount to nearly DKK 4 billion (EUR 537 million), partly because of long-term growth perspectives and partly because of collaboration opportunities.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

OP's AUM growth slows down slightly in Q2

OP Financial Group's mutual funds' AUM increased in Q2, though at a slower pace than in Q1. For the first half year of 2021 as a whole, the bank's mutual funds have attracted more than 100,000 new unitholders.

Further reading

Related articles

Trial banner

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch