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Copenhagen Infrastructure Partners, Ignitis Renewables to develop second offshore farm in Estonia

Danish investment firm Copenhagen Infrastructure Partners (CIP) announced on Wednesday via GlobeNewswire that it has won an auction-based tender for the development of Estonia’s second offshore wind farm with Lithuanian energy company Ignitis Renewables.

CIP placed the highest bid of 1.16 million euros via its Growth Markets Fund II. In December, the company won a tender for Estonia’s first offshore wind tender.

The maritime area of both sites is in the Gulf of Riga, northwest of Ruhnu Island and near Estonia’s Baltic Sea coast, covering approximately 193 square kilometres.

CIP and Ignitis Renewables have signed an agreement to collaborate exclusively on offshore energy projects in Estonia and Latvia. “The partnership leverages CIP’s global offshore wind expertise and Ignitis Renewables’ leading market position in the Baltic region,” CIP said in a press release.

Both offshore wind farms are expected to become operational post-2030, subject to obtaining the relevant permits, contracting suppliers and securing financing, CIP noted in the press release.

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