ST. JOHN’S, Newfoundland, June 04, 2018 (GLOBE NEWSWIRE) -- ACOD, a partnership between Copenhagen Infrastructure Partners (CIP) and Canadian developer Beothuk Energy Inc. (Beothuk), celebrates the win in Massachusetts that solidified CIP’s position as the largest offshore wind developer and investor in North America. The successful Vineyard Wind project will be an 800 MW offshore wind farm off the coast of Martha’s Vineyard in Massachusetts and will be built and co-owned with CIP’s local partner Avangrid Renewables.
That project will see the first large-scale offshore wind farm built in the United States and positions CIP, and ACOD, to further open up the North American market, including Atlantic Canada.
“Like Massachusetts, Atlantic Canada has strong potential for offshore wind and CIP is an ideal partner to help us realise that opportunity in our region,” said ACOD President Kirby Mercer. “We’re excited to work with CIP to deliver the significant economic and environmental benefits for Atlantic Canada, including thousands of jobs during the construction and operational lifetime of our projects.”
ACOD has four projects under development in Canada, one in each of the Atlantic Provinces, representing a total private sector investment in excess of CDN$3 Billion.
“Atlantic Canada has excellent wind resources and, with offshore wind now a mature industry in Europe, we see this as an opportunity to help governments reduce their reliance on coal and diversify their energy generation in a sustainable and cost-effective way,” added Mercer.
CIP is also the leading developer of three Taiwanese offshore wind projects totalling 900MW that were awarded in April 2018 and for which CIP and its Taiwanese partners are committed to establishing a local supply chain as the new offshore wind industry is developing in the Southeast Asia region.
About Atlantic Canada Offshore Developments Atlantic Canada Offshore Developments (ACOD) is a partnership between leading global offshore wind developer and operator Copenhagen Infrastructure Partners (CIP) and its Canadian partner Beothuk Energy Inc. (BEI), focusing on developing the Atlantic Canada offshore wind projects. www.acod.co
About Beothuk Energy Beothuk Energy Inc. (BEI) is a local developer based in St. John’s, NL, Canada. BEI focuses on the development of offshore wind energy projects in North America, as well as the development of public/private partnerships within regulated and unregulated electrical utilities.
About CIP Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass, transmission and distribution, and waste-to-energy. CIP has more than USD 8 bn under management. CIP and its projects have offices in Copenhagen, the UK, the US, Germany, and Taiwan.
Media Contact: Colleen Ryan 647-232-6867 Cryan@sussex-strategy.com
