Copenhagen Infrastructure Partners, through its flagship fund CI V, has entered a strategic partnership with Stiesdal Offshore to establish the latter as a long-term leader in the floating wind industry.
Floating wind is expected to grow significantly in 2030-2040, and Stiesdal Offshore aims to accelerate the development of floating offshore wind and position itself as a one-stop shop for floating offshore wind projects.
Michael Hannibal, partner at CIP, said: “We remain committed to floating offshore wind which we believe will play an important role in the global energy transition.
“This investment is a next step in our pursuit of large-scale floating wind projects and together with Stiesdal Offshore we look forward to work towards advancing floating wind technology, overall project execution and cost reduction.”