When it comes to CIP, the acquisition of Morecambe signals further growth for the company’s UK development pipeline, which now stands at over 25 GW, including offshore and onshore wind, solar, BESS, and network infrastructure, according to CIP.
In the UK, the company has previously invested in the now operational 588 MW Beatrice offshore wind farm and is currently developing the 100 MW Pentland and 3,600 MW Ossian floating offshore wind farms, all located in Scotland.
“Our acquisition of the Morecambe project demonstrates CIP’s confidence in the delivery of the UK Government’s ambitious 2030 offshore wind target, as enabled by its world leading CfD scheme, and key reforms aimed at speeding up planning and grid processes.”
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