Wind Energy – Co-investment
Copenhagen Infrastructure Partners has divested a 10% stake in the 495MW Fengmiao I offshore wind farm in Taiwan to Japanese shipping company Mitsui O.S.K. Lines (MOL).
Fengmiao I is part of CIP’s flagship fund CI V and is our third offshore wind project in Taiwan. It is located off the coast of Taichung County and development commenced in 2020 with construction expected to be completed by the end of 2027.
“We are delighted to welcome MOL as co-investor in Fengmiao – and I am confident that we together will bring a project of the highest standards to commercial operation. The transaction recognizes the value created by CIP during the development phase as well as CIP’s strong offshore wind track record in Taiwan,” said Thomas Wibe Poulsen, Partner and Head of Asia-Pacific at CIP.
The agreement was signed during a signing ceremony at MOL’s headquarters in Tokyo in the presence of CIP Managing Partner Jakob Baruël Poulsen, CIP partners Thomas Wibe Poulsen and Gordon White as well as MOL General Manager Wind Power Unit Takeyasu Moriguchi and MOL Managing Executive Officer Masayuki Sugiyama.
