The Danish investment company Copenhagen Infrastructure Partners P/S (CIP) has signed an agreement with the Australian Windlab Pty Ltd. for the acquisition of the Gawara Baya project. This is reported in the CIP press release.
CIP has received a loan of $1.2 billion from 10 banks to implement the Gawara Baya project, which provides for the construction of an onshore wind farm with a capacity of 408 MW and a 104 MW battery energy storage system in Queensland, Australia.
The project is scheduled to be commissioned in 2030, taking into account the desire of the Australian government to attract private capital for the development of renewable energy and energy storage systems needed to replace aging coal-fired power plants.
The investment expands CIP's portfolio in the Asia-Pacific region, which includes a $3 billion commitment to develop the Philippines' largest offshore wind energy project. The company has also established a large offshore wind energy business in Taiwan and is considering selling a controlling stake in the 600 MW Changfang-Xidao project.
Copenhagen Infrastructure Partners P/S (CIP) is a Danish fund management and investment company in the energy sector. The company is considered one of the world leaders in the field of offshore wind energy. The headquarters is located in Copenhagen (Denmark).
Windlab Pty Ltd is an Australian renewable energy project development and management company that serves industrial and commercial customers in Australia, South Africa and Tanzania. The headquarters is located in Canberra (Australia).
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