News

Wind farm planning and development

Wind turbine manufacturing and components

EUR 384 Million Investment in New Offshore Grid Connection for North Sea Wind Farms

By State of Green | [email protected]

17 February 2014

Copenhagen Infrastructure Partners is investing EUR 384 million (DKK 2.9 billion) in the the DolWin3 grid connection, which will transmit electricity to the mainland from a number of offshore wind farms in the German North Sea. DolWin3 is planned to be completed in 2017 and the system will have a total capacity of 900 MW.

The backbone of wind energy distribution

The investment is a joint venture between CIP and TenneT. TenneT will finance the largest portion of the construction costs, which are expected to amount to EUR 1.9 billion. TenneT is one of the largest electricity transmission operators in Europe and is owned by the Dutch state.

“We have entered into an attractive and long-term partnership with one of the key players in the European energy transmission market. Moreover, with this investment, we contribute to the development of the infrastructure in one of the strongest economies in Europe, says Christian Skakkebæk, a senior partner in CIP.

TenneT will build and operate Dolwin3:

“The investment complements our other investments in energy assets. With the stable German framework for the regulated infrastructure sector, as well as TenneT being a strong and experienced operator, the investment will ensure a strong and experienced operator, the investment will ensure a solid and stable return for many years to come", says Christian Skakkebæk.

The investment will be made through a separate legal structure with pension fund PensionDanmark as the investor.

About Copenhagen Investment Partners (CIP)

The mangement company CIP was established in 2012, with PensionDanmark as a seed investor committing EUR 800 million to CIP's first fund, Copenhagen Infrastructure I/S.

About TenneT

TenneT is Europe's first cross-border electricity transmission operator. With approximately 20,000 kilometers of high-voltage lines and 36 million end-users in the Netherlands and Germany, TenneT ranks among the tio five grid operators in Europe. Its focus is to develop a Northwest European energy market and to integrate renewables.

Contact

Office Manager Christine Löwke, Copenhagen Infrastructure Parterns, +45 5196 5052, [email protected]

Source: Copenhagen Investment Partners

For more news, visit our Newsroom

You should consider reading

solutions

Offshore wind

+2

Bornholm can become the world’s first energy island

5 December 2019

In November 2019, Ørsted presented its vision to use the Danish island of Bornholm, situated in the Baltic Sea, as an energy hub by making it the centre point of a proposed new interconnection between

Perspective

Wind energy

+35

10 examples of green solutions from Denmark in 2022

Many Danish companies provide solutions that can help drive the global transition to a sustainable, low-carbon, resource-efficient society. Find inspiration in ten of the most popular green solutions from Danish companies published on our webpage in 2022.

News

Offshore wind

+3

Denmark and the U.S. Strengthen Cooperation on Offshore Wind

At the Embassy of Denmark in Washington, D.C., Danish Ambassador Lars Gert Lose and the U.S. Department of Interior's Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper signed a Memorandum of Understanding (MOU) to recognise their countries' common interests in developing offshore wind as a clean and sustainable energy source.

News

Biogas

+8

DONG Energy Changes Company Name to Reflect New Green Energy Strategy

Following the company's strategic transformation from black to green energy and the recent divestment of the upstream oil and gas production, the name DONG Energy no longer reflects the company's activities.

News

Offshore wind

+3

Danish Government Publishes Historically Low Bid for Offshore Wind Farm

9 November 2016

This morning, Danish Minister for Energy, Utilities and Climate, Lars Christian Lilleholt, briefed the parties behind the 2012 Energy Agreement (the Red-Green Alliance, the Socialist People's Party, the Danish Social Democrats, the Danish Social-Liberal Party, the Danish People's Party, the Conservative People's Party of Denmark and the Liberal Party of Denmark) that Vattenfall has submitted the lowest bid to construct the 600 MW Kriegers Flak offshore wind farm at a tender price of 37.2 øre/kWh.

News

Offshore wind

+1

4,500 Danes invited on an offshore wind turbine safari

12 September 2016

Denmark's transition to green energy is well underway and among the contributors to the conversion is DONG Energy – which is Denmark's largest producer of green power that can account for more than half of Denmark's total CO2 reduction over the past decade. In Danish waters alone, DONG Energy is producing green power corresponding to the consumption of one million households.