SUBSCRIBE
PROFILE

Copenhagen Infrastructure Partners acquires the Morecambe offshore wind project in the United Kingdom

Copenhagen Infrastructure Partners (CIP) has signed an agreement to acquire the 480 MW Morecambe offshore wind project, located off the coast of Lancashire, from COBRA Group and Flotation Energy.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V (CI V) fund, has signed an agreement to acquire full ownership of the Morecambe offshore wind project from COBRA Group and Flotation Energy, a subsidiary of TEPCO Renewable Power, Inc. The completion of the transaction is subject to customary approvals and conditions. The financial terms of the deal have not been disclosed. Flotation Energy will remain involved in the project as a development partner following the transaction.

A strategic project off the coast of Lancashire

The Morecambe project is a 480 MW fixed-bottom offshore wind installation located 30 km off the Lancashire coast in the eastern Irish Sea. The project lease was secured during the UK’s Offshore Wind Leasing Round 4 in 2021, and consent applications have been submitted.

Strengthening CIP’s UK portfolio

This acquisition marks a significant expansion of CIP’s development portfolio in the UK, which now exceeds 25 GW and includes offshore and onshore wind, solar, battery energy storage systems (BESS), and grid infrastructure projects. CIP previously invested in the operational Beatrice offshore wind farm (588 MW) in Scotland and is currently developing the Pentland (100 MW) and Ossian (3,600 MW) floating offshore wind farms, also located in Scotland.

The Morecambe project will be integrated into CIP’s flagship CI V fund, which targets a fund size of €12 billion and invests in various renewable technologies, including wind, solar photovoltaic, and energy storage, across Europe, North America, and the Asia-Pacific region.

  • Popular on energynews.pro
Russian crude exports hit 18-month high despite sanctions pressure
Russian oil tanker Boracay resumes voyage after being seized by France
Macron urges Europe to act against Russian shadow fleet after offshore seizure
Putin denounces “piracy” after tanker seized off French coast
China could supply gasoline to Russia if Moscow removes import duties
Hokkaido and Tohoku EPCO take stake in Japan’s largest offshore wind farm
The two regional utilities join a JERA-led consortium to support the operation of the Ishikari Bay offshore wind farm, which entered service in early 2024.
Axpo evaluates fourth wind project in the canton of St. Gallen
Energy group Axpo is considering a new installation of three wind turbines in Wil, aimed at powering around 5,000 households and strengthening Switzerland's winter electricity production.
Encavis acquires 48 MW wind farm from ABO Energy and signs four additional projects
Encavis strengthens its wind portfolio in Germany with the acquisition of a Schierenberg project and the signing of four new partnerships with ABO Energy, for a joint total capacity of 106 MW.
Boralex launches energy support programme for residents near its power plants
Boralex rolls out an energy assistance scheme for residents near its wind and solar farms, with a pilot project launched in two communes in Haute-Loire.
Eiffage secures €1.5bn contract for offshore wind substations
Eiffage, through its Belgian subsidiary Smulders, will build three electrical substations to connect offshore wind farms in Brittany and the Mediterranean, under a contract exceeding €1.5bn ($1.59bn).
Envision Energy obtains an environmental declaration for its 6 MW wind turbines
Envision Energy has published an environmental product declaration for two of its turbines, a milestone certified to ISO standards aimed at strengthening its position in international wind markets.
Yaway opens in France an ultra-fast station directly connected to wind turbines in Breteuil
Yaway, a brand of Kallista Energy, commissions in Breteuil a very high-power charging station directly connected to wind turbines, offering a price of €0.30/kWh ($0.32/kWh) and a maximum power of 400 kW, with no subscription.
Fortescue signs with Envision to develop 132 MW of wind power in the Pilbara
Fortescue has selected Envision Energy to supply next-generation turbines in Australia, the first step in a project targeting 2 to 3 GW of renewable generation backed by batteries.
Vena Energy commissions 7.5 MW onshore wind farm in Nagasaki
Singapore-based developer Vena Energy has launched operations at its third wind power plant in Japan, located in Saikai, Nagasaki Prefecture, with a grid-connected capacity of 7.5 MW.
Ørsted and KOEN join forces for 1.4 GW offshore wind project in Incheon
Ørsted and Korea South-East Power Co. (KOEN) have signed a memorandum of understanding to explore joint development of the 1.4 GW Incheon offshore wind project, located off South Korea’s west coast.
RWE completes foundation installation at Thor offshore wind farm
RWE has finalised the installation of all 72 monopiles at the 1.1 GW Thor offshore wind farm off the Danish coast, marking a key milestone ahead of secondary structure and turbine installation scheduled for 2026.
376 wind projects secure 3.45 GW in Germany’s 1 August tender
The Bundesnetzagentur awarded 376 projects totalling 3.45 GW, with a weighted average price of 6.57 cents per kilowatt-hour, without reducing the volume despite an undersubscription risk.
Alternergy acquires two Quezon wind projects from CleanTech
Alternergy strengthens its portfolio by acquiring two wind projects from CleanTech in Quezon Province, expanding its growth strategy beyond the 500MW mark.
Orsted restarts construction of Revolution Wind offshore project in the United States
Orsted has resumed work on its Revolution Wind offshore wind farm, previously halted by federal authorities, after a court ruling allowed construction to continue despite ongoing legal action from the U.S. government.
All candidates withdraw from offshore wind project near Oléron Island
No candidate submitted a final offer for the 1 GW project off Oléron Island, despite an initial shortlist of nine consortiums including major European energy groups.
TotalEnergies invests €4.5bn in offshore wind farm off the coast of Normandy
TotalEnergies and RWE secure the Centre Manche 2 contract, France’s largest offshore wind project to date, with an estimated investment of €4.5bn ($4.82bn).
Ørsted restarts Revolution Wind construction after US court ruling
A federal court authorises Ørsted to continue construction on its offshore wind farm Revolution Wind, halted by an administrative order in August, while the group secures DKK60bn to finance Sunrise Wind.
EBRD coordinates $74.1mn financing for a 200 MW wind farm in Egypt
The European Bank for Reconstruction and Development leads an international financing structure to support the construction of a wind farm in Ras Ghareb, as part of Egypt’s national energy strategy.
Endesa connects 24 MW wind farm in Spain after complete modernisation
Endesa has completed the recommissioning of a wind farm in Castile and León, replacing 22 turbines with four new units, in a EUR34mn project backed by Spanish public funding.
Japan bets on floating wind despite the limits of its local industry
Japan is pursuing its ambitions in floating offshore wind, despite the withdrawal of several domestic industrial players and challenges linked to costs, infrastructure and relations with the fishing sector.

Log in to read this article

You'll also have access to a selection of our best content.

[wc_register_modal]