CIP
About
A Danish fund manager that invests in energy infrastructure through 15 funds backed by more than 200 institutions. It develops and builds projects like a developer, but owns them through funds like an investor. Its funds cover wind, solar, storage, transmission, bioenergy and low-carbon fuels, in more than 30 countries. They sell as well as build: in April 2026 CIP agreed to sell an Australian battery project it had taken through development and construction. That month its fund CI V also completed the purchase of Ørsted's European onshore business, now Perigus Energy. Offshore, its projects include IJmuiden Ver Beta in the Netherlands, held in a joint venture with Vattenfall, and in October 2026 it agreed to buy 25% of the UK's Five Estuaries project.
Outlook
as of 2026-10Portfolio
32 held + 4 exited · live stages first, exits lastCapacity is net of ownership stake: a 50% JV counts half. Gross exposure (full nameplate of every project held): 27.7 GW. Some stakes are undisclosed, so net GW is a floor.
| Project | Country | Stage | MW | Stake | Net MW |
|---|---|---|---|---|---|
| Vineyard Wind 1↓ farmed down | United States | Operational | 806 | 50% | 403 |
| Changfang-Xidao↓ farmed down | Taiwan | Operational | 600 | 62.5% | 375 |
| Zhong Neng | Taiwan | Operational | 300 | 49% | 147 |
| Jeonnam 1 Offshore Wind Farm | South Korea | Operational | 96 | 49% | 47 |
| Fengmiao 1 (Taichung)↓ farmed down | Taiwan | Under Construction | 495 | 100% | 495 |
| IJmuiden Ver Beta Phase 2 (Zeevonk) | Netherlands | Advanced Development | 1000 | — | — |
| Haesong 3 Offshore Wind Farm (CIP) | South Korea | Advanced Development | 504 | — | — |
| IJmuiden Ver Beta Phase 1 (Zeevonk) | Netherlands | Advanced Development | 1000 | 50% | 500 |
| Morecambe | United Kingdom | Advanced Development | 480 | 100% | 480 |
| Five Estuaries | United Kingdom | Advanced Development | 1080 | 25% | 270 |
| North Irish Sea Array (NISA) | Ireland | Advanced Development | 500 | 50% | 250 |
| Taean Wind Power | South Korea | Advanced Development | 500 | 49% | 245 |
| Haewoori Floating Wind Farm (CIP) | South Korea | Early Development | 1500 | 100% | 1500 |
| Liivi 1 & 2 | Estonia | Early Development | 1500 | — | — |
| La Gan | Vietnam | Early Development | 3500 | 33.3% | 1167 |
| Ossian | United Kingdom | Early Development | 3600 | 30% | 1080 |
| San Miguel Bay↓ farmed down | Philippines | Early Development | 901 | 75% | 676 |
| Fengmiao 2 | Taiwan | Early Development | 600 | 100% | 600 |
| Haesong 1 Offshore Wind Farm (CIP) | South Korea | Early Development | 504 | 100% | 504 |
| Baons | Colombia | Early Development | 425 | 100% | 425 |
| Jeonnam 2 Offshore Wind Farm (CIP/SK) | South Korea | Early Development | 399 | 49% | 196 |
| 7SeasMed | Italy | Early Development | 250 | 50% | 125 |
| Olbia Divento | Italy | Proposed | 1000 | — | — |
| Samar Norte Offshore Wind Power Project | Philippines | Proposed | 650 | 100% | 650 |
| Civitavecchia Divento | Italy | Proposed | 540 | — | — |
| Dagupan Offshore Wind Power Project | Philippines | Proposed | 350 | 100% | 350 |
| Ichnusa Wind Power | Italy | Proposed | 504 | 50% | 252 |
| Bore Array | Ireland | Proposed | 500 | 50% | 250 |
| Jeonnam 3 Offshore Wind Farm (CIP/SK) | South Korea | Proposed | 399 | 49% | 196 |
| CIP / PetroVietnam South-Central Vietnam | Vietnam | Proposed | — | 50% | 0 |
| Alísios Potiguares | Brazil | On Hold | 1845 | 50% | 923 |
| Palmas do Mar | Brazil | On Hold | 1395 | 50% | 698 |
| New England Wind 1 | United States | Divested 2021-09 | 791 | 50% sold | — |
| New England Wind 2 | United States | Divested 2021-09 | 1259 | 50% sold | — |
| Beatrice | United Kingdom | Divested 2021-01 | 588 | 35% sold | — |
| Veja Mate | Germany | Divested 2019-02 | 402 | 80% sold joint | — |
Divested & farmed down
every recorded sale by this developer · newest first| Announced | Project / portfolio | Type | Stake sold | €m | Buyer |
|---|---|---|---|---|---|
| 2025-05 | Fengmiao 1 (Taichung) | farmdown | 10% | 153 | MOL (Mitsui OSK Lines) |
| 2025-05 | San Miguel Bay | farmdown | 25% | — | ACEN Corporation |
| 2021-09 | Vineyard Wind 1 | secondary trade | — | 142 | Avangrid / CIP |
| 2021-09 | New England Wind 1 | acquisition | 50% | — | Avangrid |
| 2021-09 | New England Wind 2 | acquisition | 50% | — | Avangrid |
| 2021-07 | Changfang-Xidao | farmdown | 25% | — | GPSC (Global Power Synergy Public Company) |
| 2021-01 | Beatrice | acquisition | 35% | — | TRIG / Equitix |
| 2020-01 | Changfang-Xidao | farmdown | — | — | Taiwan Life Insurance / TransGlobe Life Insurance |
| 2019-02 | Veja Mate | acquisition | 80% joint | — | Commerz Real / Ingka Group / KGAL / wpd invest |
| 2017-05 | Vineyard Wind 1 | farmdown | 50% | — | Avangrid |
Ownership history comes from the transaction database; the portfolio above is the current snapshot only. "Joint" stakes are the consortium total (per-seller split not disclosed) and are excluded from the stake-weighted GW figure.
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