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CIP and NZ Super Fund plan offshore wind project in New Zealand
- 2 years ago (2022-03-30)
- David Flin
Danish renewable investment firm Copenhagen Infrastructure Partners (CIP) has formed a partnership with the New Zealand Superannuation Fund (NZ Super Fund) to develop 1 GW of offshore wind capacity on New Zealand’s west coast. Located on South Taranaki Bight, the planned capacity will be equivalent to 11 per cent of New Zealand’s current electricity demand. The project could be expanded to 2 GW.
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The two companies have created a jointly-held company to manage the feasibility study and develop the project. They are presently in the initial stages of the project feasibility evaluation. These involve detailed environmental impact assessments, wind resource measurement and examining industry potential, as well as training requirements for the Taranaki region.