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June 2024

Offshore Wind Power Generation Project in Scotland

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Eurus Energy Announces Investment in Offshore Wind Power Generation Project in Scotland

Eurus Energy Group’s First Investment in Offshore Wind Power Generation Project –

 

Eurus Energy Holdings Corporation (“Eurus Energy”) announced today that Eurus Energy UK Ltd., a group company of Eurus Energy, has agreed with Copenhagen Infrastructure Partners P/S (“CIP”), through its Flagship Funds  to acquire part of the shares of Highland Wind Limited, which is owned by CIP and Hexicon A/B (“Hexicon”), in order to participate in the Pentland Floating Offshore Wind Farm under development in Scotland. This is the first project in which Eurus Energy group has invested in an offshore wind power generation project.

In April 2024, the Pentland Floating Offshore Wind Farm, which will be located 7.5km off the coast of Dounreay in Caithness, received approval from Scottish Ministers on a variation application to refine its offshore consents. This included a reduction in the number of turbines, which will now be deployed within a smaller area while maintaining 100MW capacity. The project’s operational lifespan will be up to 25 years, and it will generate enough green electricity to power up to 70,000 homes. The project is being developed by Highland Wind Limited, which is majority owned by CIP with Hexicon as a minority shareholder, and project development activities are being led by CIP’s exclusive offshore wind development partner, Copenhagen Offshore Partners (COP).

Through this project, Eurus Energy will accumulate know-how and technologies in the offshore wind power generation business, which will be actively utilized in the offshore wind power generation business both in Japan and overseas. Based on our corporate philosophy of “Helping to preserve the global environment by disseminating and expanding clean energy technologies”, Eurus Energy group will continue to work on further expansion of wind power generation and contribute to global environmental conservation and the creation of a sustainable society.

Outline of the Project

Location 7.5km off the coast of Dounreay in Caithness, Scottish Highlands
Owner

Highland Wind Limited

Shareholders:Copenhagen Infrastructure Partners P/S, Eurus Energy UK Ltd., Hexicon A/B

Planned Construction Site

About Copenhagen Infrastructure Partners

Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X. CIP manages 12 funds and has to date raised approximately EUR 28 billion for investments in energy and associated infrastructure from more than 160 international institutional investors. CIP has more than 500 employees and offices in Copenhagen, London, Hamburg, Utrecht, New York, Tokyo, Singapore, Seoul, Munich, Luxembourg, and Melbourne.

www.cip.com