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Mytilineos and CIP partner for offshore wind

By: Tom Russell 29/06/2021 MYTILINEOS

General Windfarms

MYTILINEOS through its Power & Gas Business Unit - Protergia has signed an agreement with Copenhagen Infrastructure Partners (CIP), on behalf of CI New Markets Fund I, for a joint cooperation (CIP 60% / MYTILINEOS 40%) in the development of offshore wind farms in sea areas of Greece.

Both companies will contribute to this cooperation, in order to identify appropriate sites and co-develop and co-invest in offshore wind projects, by combining resources and expertise.

CIP is a fund management company specialised in energy infrastructure investments globally, in particular within renewables and the greenfield segment. CIP has approximately EUR 15 billion under management and is one of the largest dedicated greenfield renewable energy funds globally.

The principal developer for all the projects to be developed under the CIP- MYTILINEOS cooperation is Copenhagen Offshore Partners (COP), an offshore wind project development, construction and operations company. In collaboration with CIP, COP has supported the development of numerous offshore wind projects in Germany, UK, Taiwan, USA, Australia, Japan, Korea, Vietnam and elsewhere.

General Manager of the Power & Gas Business Unit Mr. Dinos Benroubi commented: "We are proud to collaborate with world leaders in offshore wind projects and we are looking forward to a fruitful cooperation that will enhance both the energy strategy of MYTILINEOS and Greece's energy transition."

CIP Partner Michael Hannibal said: "CIP is pleased to join forces with MYTILINEOS exploring a new offshore wind market. It will be a floating offshore wind dominated market, and we look forward to bring our global experience and working with MYTILINEOS and local partners to develop good projects in Greece."

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Mytilineos and CIP partner for offshore wind

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