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Copenhagen Infrastructure buys wind project off Massachusetts

Wind turbines at sea. Author: Harvey Barrison. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

August 26 (SeeNews) - Copenhagen Infrastructure Partners (CIP) said Thursday it has acquired Offshore MW LLC, a company eligible to bid in Massachusetts’s tenders for offshore wind, the first of which is expected next year.

On behalf of Copenhagen Infrastructure II, CIP bought 100% of the US company, which holds an offshore wind energy lease for an area of 166,886 acres (675 sq km) south of Massachusetts, known as OCS-A-501. Offshore MW said recently it is to conduct geophysical surveys in the lease area in September and October 2016.

At the start of August the Massachusetts State Legislature adopted an energy bill under which utilities will have to sign long-term contracts for 1.6 GW of offshore wind power by June 30, 2027. The first tender round for power purchase agreements is expected in mid-2017. Thus, CIP said, first power from the winning projects would be generated four years later.

“The project will be continuously developed by the existing local development team, supported by senior industry experts from Copenhagen Infrastructure Partners,” the company said, without disclosing specific details of the offshore wind project.

Offshore MW is also pursuing opportunities off the coast of New York, its website shows.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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