Wind Energy – Australia
Copenhagen Infrastructure Partners (CIP) and Cbus Super (Cbus) announce the acquisition by Cbus of a 10% interest in CIP’s Australian offshore wind project, Star of the South.
This follows Cbus’ investment into CIP’s flagship fund, CI IV. CI IV is the majority owner of Star of the South.
CIP specialises in energy infrastructure investments, being one of the largest developers of offshore wind projects globally. Cbus is Australia’s leading building and construction industry super fund.
Star of the South is Australia’s most progressed offshore wind project, to be located off the south coast of Gippsland in Victoria, with a capacity of up to 2.2 GW. The new partnership demonstrates confidence in Victoria’s offshore wind sector, with Star of the South forging the way for a new local industry to deliver a clean energy boost, create thousands of jobs and reduce carbon emissions.