+
CIP Acquires 480 MW UK Offshore Wind Project
POWER & RENEWABLE ENERGY

CIP Acquires 480 MW UK Offshore Wind Project

Copenhagen Infrastructure Partners (CIP) has agreed to acquire the 480-megawatt Morecambe offshore wind project in Britain from COBRA Group and Flotation Energy, the fund manager announced.

Located off the Lancashire coast in the Eastern Irish Sea, the fixed-bottom wind farm will generate enough electricity to power over 500,000 homes. The project lease was secured in a UK offshore wind leasing round in 2021, and planning applications have already been submitted.

While the financial details of the transaction remain undisclosed, Flotation Energy, owned by TEPCO Renewable Power, will continue as a development partner post-acquisition.

The British government has set an ambitious target of delivering 43-50 gigawatts (GW) of offshore wind power by 2030 as part of its climate action strategy. The Morecambe project is expected to contribute significantly to this goal.

"By investing in projects like Morecambe, we are strengthening our commitment to accelerating the transition to clean energy," CIP stated.

Image Source: Energy Monitor

Copenhagen Infrastructure Partners (CIP) has agreed to acquire the 480-megawatt Morecambe offshore wind project in Britain from COBRA Group and Flotation Energy, the fund manager announced. Located off the Lancashire coast in the Eastern Irish Sea, the fixed-bottom wind farm will generate enough electricity to power over 500,000 homes. The project lease was secured in a UK offshore wind leasing round in 2021, and planning applications have already been submitted. While the financial details of the transaction remain undisclosed, Flotation Energy, owned by TEPCO Renewable Power, will continue as a development partner post-acquisition. The British government has set an ambitious target of delivering 43-50 gigawatts (GW) of offshore wind power by 2030 as part of its climate action strategy. The Morecambe project is expected to contribute significantly to this goal. By investing in projects like Morecambe, we are strengthening our commitment to accelerating the transition to clean energy, CIP stated.Image Source: Energy Monitor

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code