investment

NGS Super spotlight - New wind project for Copenhagen Infrastructure Partners

09 May 2022 5 min read

Copenhagen Infrastructure Partners (CIP), one of NGS Super’s investment managers, has recently lodged plans for the Leeuwin Offshore Wind project, in Geograph Bay, south of Perth. At 3GW, this will be the largest offshore wind farm in Australia to date, with up to 200 turbines and projected output of up to 11 Terawatt-hours (TWh) a year – that’s half the existing generation in Western Australia’s main grid. Current plans are for construction to begin in 2026, with completion in 2028.

Despite Australia’s suitability for offshore wind energy, there have been considerable delays getting the industry underway. In November 2021, the Offshore Electricity Infrastructure Bill finally passed, paving the way for offshore projects. CIP is also developing what’s likely to be the first completed offshore wind farm in Australian waters, off the south coast of Gippsland, Victoria.

NGS Super is excited to partner with investment managers like CIP, who are developing the meaningful renewable energy projects that are vital to tackling climate change and transitioning to the low-carbon economy. Investments like these are critical to our Carbon Neutral 2030 target.

More about Copenhagen

CIP is focused on greenfield and renewable energy projects globally. Its goal is to create positive impact on the environment and drive quality job creation. Once operational, CIP expects the projects in its managed funds’ portfolios to sustainably power approximately 3 million households and save the equivalent of approximately 5.6m tonnes of CO2 each year.

Sustainable Development Goal 7: Affordable and clean energy Sustainable Development Goal 8: Decent work and economic growth
Ensure access to affordable, reliable, sustainable and modern energy Promote inclusive and sustainable economic growth, employment and decent work for all
Sustainable Development Goal 9: Industry, innovation and infrastructure Sustainable Development Goal 10: Sustainable cities and communities
Build resilient infrastructure, promote sustainable industrialization and foster innovation Make cities inclusive, safe, resilient and sustainable
Sustainable Development Goal 12: Responsible consumption and production Sustainable Development Goal 13: Climate action
Ensure sustainable consumption and production patterns Take urgent action to combat climate change and its impacts

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