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Stiesdal Offshore and Copenhagen Infrastructure Partners (CIP) have entered into a partnership to drive innovation and cost efficiency in floating offshore wind.
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According to the companies, the partners will work to establish Stiesdal Offshore as a long-term leader in the floating wind industry.
As part of the partnership, CIP’s Copenhagen Infrastructure V (CI V) fund acquires a minority stake in Stiesdal Offshore.
“We have a clear plan to reduce the CAPEX of floating wind and have developed more than 30 specific initiatives to achieve this goal. This investment will enable us to accelerate these efforts and strengthen our market position as we prepare for large-scale commercial deployment of floating offshore wind in the coming years”, said Peder Nickelsen , CEO of Stiesdal Offshore.
Stiesdal Offshore said it will now initiate a plan to expand its business scope from the design and development of floating foundations to becoming a one-stop shop for floating wind enablement.
This includes offering owner’s engineering services as well as full-service project support and execution through active engagement with customers on every aspect of floating wind projects.
The aim is to help customers reduce the cost and complexity of projects and to accelerate the development of floating offshore wind, according to the company.
Floating wind is expected to grow between 2030 and 2040 and, according to the International Energy Agency (IEA), has the potential to increase the global offshore wind resource by a factor of ten.
“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”, said Michael Hannibal , Partner at CIP.
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Stiesdal Offshore is one of the developers of the TetraSpar Demonstrator project in Norway. The floating foundation is based on Stiesdal Offshore’s Tetra technology.
According to its developers, the foundation is the world’s first industrially manufactured floating offshore foundation and the world’s first spar foundation capable of deployment from an ordinary, shallow-water port.
When it comes to CIP, the company was founded in 2012. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.
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about 1 year ago
Stiesdal Offshore and Copenhagen Infrastructure Partners (CIP) have entered into a partnership to drive innovation and cost efficiency in floating offshore wind. According to the companies, the partners will work to establish Stiesdal Offshore as a long-term leader in the floating wind industry. As
