CIP invests in 250 MW floating wind farm in Italy

Copenhagen Infrastructure Partners (CIP) has invested in the development company 7 Seas Med, which has been developing a 250 MW floating wind project off the coast of Italy, in the Sicily Strait.

CIP, Nice Technology and 7 Seas Wind Power have joined forces to develop the wind farm, for which 7 Seas Med already filed a concession request, according to Green Giraffe, which acted as sole financial advisor to 7 Seas Med to raise equity and develop the 250 MW project.

As reported in July, 7 Seas Med requested a 30-year maritime state concession in the Sicilian Channel. According to the application document, the wind farm would comprise 25 wind turbines with an individual capacity of 10 MW, installed on semi-submersible TetraSpar floating foundations.

The project, called Hannibal and valued at EUR 740 million, is anticipated to enter the construction phase in 2023.

CIP’s involvement in the 250 MW development has been reported earlier in Italian media, which said that the project was being developed by Copenhagen Offshore Partners with assistance from CIP.