Copenhagen Infrastructure Partners News

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First Major US Offshore Wind Farm Reaches Permitting Milestone

that would add a vessel transit lane to ease travel from New England ports to fishing areas. That option could delay project construction if additional survey work is required, the review said.BOEM officials were not immediately available for comment.Vineyard Wind is a joint venture between Copenhagen Infrastructure Partners and Avangrid Inc.BOEM is part of the U.S. Department of Interior.(Reporting by Nichola Groom; Editing by Matthew Lewis and Bernadette Baum

Japanese Wind Fans Bank Interest

Orsted's NT$61.9bn (US$2bn) 20-year PF backing its offshore wind farms project off Taiwan’s west coast pays an interest margin of 210bp over Taibor. The export credit agency-backed portion offers margins ranging from 75bp to 85bp.Similarly, the commercial tranche of Danish company Copenhagen Infrastructure Partners’ NT$90bn PF, which is the largest deal in Taiwan’s offshore wind market, pays a margin of 240bp during the construction period.The transaction subsequently steps down to 210bp during the first five years of operation. From the sixth year of operations until maturity, the

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Vineyard Wind to Miss Startup Target Over Permit Delay

target of August 2019."While we need to analyze what a longer permitting timeline will mean for beginning construction, commercial operation in 2022 is no longer expected," Vineyard Wind Chief Executive Lars Pedersen said in a statement.Vineyard Wind is a joint venture between Copenhagen Infrastructure Partners and Avangrid Inc.The project, 14 miles (23 km) off the Massachusetts coast, has experienced several delays already over concerns https://www.reuters.com/article/us-usa-wind-fishing-exclusive/exclusive-first-big-us-offshore-wind-project-hits-snag-due-to-fishing-industry-concerns-idUSKCN1UO0EK

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New York Awards Offshore Wind Contracts

, exciting, necessary future industry," Cuomo said, adding that they will generate $3.2 billion in economic activity and create 1,600 jobs.Four major developers had submitted proposals to the state, including a joint venture between EDF and Shell and another between Avangrid Inc and Copenhagen Infrastructure Partners.The New York contract marks another recent win for Orsted, which last month was awarded a 1,100-MW contract by the state of New Jersey for a project off the coast of Atlantic City.The selection of Orsted and Equinor continues the trend of European companies dominating the nascent U

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Atlantic Offshore Wind: Favorable Winds for Maritime

.To date, the Bureau of Ocean Energy Management (BOEM), part of the Interior Department, has awarded 16 leases to a variety of U.S. and European developers. And more leases are due to be auctioned off Long Island, NY, later this year. European developers such as Ørsted, Equinor, Copenhagen Infrastructure Partners, and Avangrid Renewables have brought their extensive European experience with them, enabling them to bid on and manage U.S. wind farms at competitive rates. These leases range in value from $1.5M to $135M at the latest auction. Prices for the wind have declined to a levelized price

 A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.. Photo: 
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BOEM "Blown Away" by Record U.S. Offshore Wind Auction

Wind US LLC, Mayflower Wind Energy LLC, and Vineyard Wind LLC, at the conclusion of the two-day sale that attracted 11 bidders and lasted 32 rounds.Mayflower is a joint venture owned by Shell and EDP Renewables, a division of Portugal's EDP. Vineyard Wind is a joint venture between Copenhagen Infrastructure Partners and Avangrid Inc, a division of Spain's Iberdrola SA. Equinor is the Norwegian company formerly known as Statoil.Equinor and Mayflower each bid $135 million for their leases, while Vineyard Wind bid $135.1 million, BOEM said."We are truly blown away by this result," BOEM

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Europeans Sweep Record US Offshore Wind Auction

Wind US LLC, Mayflower Wind Energy LLC, and Vineyard Wind LLC, at the conclusion of the two-day sale that attracted 11 bidders and lasted 32 rounds.Mayflower is a joint venture owned by Shell and EDP Renewables, a division of Portugal's EDP. Vineyard Wind is a joint venture between Copenhagen Infrastructure Partners and Avangrid Inc, a division of Spain's Iberdrola SA.Equinor is the Norwegian company formerly known as Statoil.Equinor and Mayflower each bid $135 million for their leases, while Vineyard Wind bid $135.1 million, BOEM said."We are truly blown away by this result," BOEM

(Photo: Beatrice Offshore Windfarm Ltd.)

Beatrice Offshore Wind Farm Produces First Power

power to the National Grid, the firm added.The 2.6 billion pound ($3.4 billion) wind farm will be completed in spring 2019. It will have capacity of nearly 600 MW and be capable of supplying around 450,000 homes with power.Beatrice Offshore Windfarm Ltd is a joint venture between SSE, Copenhagen Infrastructure Partners and Red Rock Power Ltd.($1 = 0.7693 pounds)(Reporting by Nina Chestney; Editing by Dale Hudson

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Taiwan: The Next Battleground for Offshore Wind

offshore market and which claims Taiwan as Chinese territory. Chung-Hsien Chen, director of the energy technology division at Taiwan's Bureau of Energy, said Chinese bids were excluded "due to concerns of national security".Alongside Orsted and wpd, other bidders included Copenhagen Infrastructure Partners, Canada's Northland Power, Yushan Energy, a subsidiary of Singapore based Enterprize Energy and Taiwanese firms China Steel Cooperation and Taipower.After awarding 3.8 GW capacity on Monday, a further 2 GW will be allocated through a competitive price tender this summer. Monday'

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