CIP, through its flagship fund Copenhagen Infrastructure V, acquired a 49 per cent stake in Taean Wind Power in late 2024 and will develop the project jointly with Vena Energy.
“We look forward to completing this exciting project together with our new partners at Vena Energy who, with a strong track record of developing green energy solutions across the APAC region, is a great match for us. The participation in the Taean project will further strengthen and diversify CI V’s investment portfolio and support our ambition of securing attractive risk-adjusted returns for our investors,” said Thomas Wibe Poulsen , partner at CIP.
South Korea has set a target of 14.3 GW of installed offshore capacity by 2030.
“Taean Wind Power represents a significant step forward in advancing Korea’s energy independence and decarbonisation goals, and we are proud to partner with CIP to bring this project to life,” said Simone Grasso , Chief Investment Officer of Vena Energy.
When it comes to CIP, the company is currently developing approximately 5 GW of offshore wind projects in South Korea, including Jeonnam Offshore Wind 1 , the country’s first commercial-scale offshore wind project.
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