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    CIP plans to invest €8 billion in a Portuguese offshore wind farm

    The Nortada offshore wind project will get an investment of about €8 billion from Copenhagen Infrastructure Partners (CIP).


    The 2GW project will be the nation’s first significant offshore development, it is based in Portugal’s Figueira da Foz.


    The Energy and Natural Resources unit at Abreu Advogados provided maritime spatial planning, electrical sector regulation, environmental impact assessment, licencing of economic operations, framework for social and scientific cooperation, corporate and tax advice, among other services, for CIP.


    The company’s growth in Portugal is in line with the government’s plans for offshore wind energy, which include holding the nation’s first-ever wind auction this year.


    CIP is a fund management company specialized in offering tailor-made investments in energy infrastructure assets globally – in particular within renewables and the greenfield segment.


    Established in 2012 CIP now manages ten funds and has to date raised approximately EUR 18bn for investments in energy and associated infrastructure.


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