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CIP Invests In Floating Wind Farm In Italy

Floating wind structure. Photo: Green Storm 7, CC BY-SA 4.0 , via Wikimedia Commons

Posted on January 7, 2021

Copenhagen Infrastructure Partners (CIP) has invested in a company developing a 250MW floating wind project off the coast of Italy.

CIP has invested in 7 Seas Med, whose floating wind project is in the Sicily Strait, reported Offshore Wind.

CIP, Nice Technology and 7 Seas Wind Power have joined forces to develop the wind farm, for which 7 Seas Med already filed a concession request, according to Green Giraffe, which acted as sole financial advisor to 7 Seas Med to raise equity and develop the 250MW project.

7 Seas Med has previously requested a 30-year maritime state concession in the Sicilian Channel, said Offshore Wind. According to the application document, the wind farm would comprise 25 wind turbines with an individual capacity of 10 MW, installed on semi-submersible TetraSpar floating foundation

The project, called Hannibal and valued at EUR740m, is anticipated to enter the construction phase in 2023.

Maritime Journal has contacted CIP for comment, but did not receive a response by deadline.

By Rebecca Jeffrey

Source: maritimejournal

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