GreenIT, CIP to Build 2 GW Floating Offshore Wind Farms in Italy

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Italian renewable energy developer GreenIT has signed an agreement with Copenhagen Infrastructure Partners (CIP) to develop three floating offshore wind projects in Latium and Sardinia, Italy. GreenIT is a joint venture between Plenitude (Eni) and CDP Equity (CDP Group).

CIP said that the plants will be located on average roughly 30 km off from the coast and have an overall capacity of approximately 2 GW. CIP will make investment through its Flagship Funds.

The CIP – GreenIT agreement involves the development of a project in Latium, off the coast of Civitavecchia, for a total capacity up to 540 MW, and two other wind farms located off the coast of Olbia (Sardinia), with a power of around 500 MW and 1,000 MW.

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CIP said that combined, the three offshore wind projects will produce around 5 TWh/year with commercial operation expected between 2028-2031.

The partnership’s offshore wind portfolio in Italy will thus reach almost 3 GW with a yearly production of around 7 TWh of renewable energy, enough to satisfy the electricity consumption of around 2.5 million households and contributing to the decarbonization objectives of the 2030 National Integrated Energy and Climate Plan.

The three offshore projects will be using floating foundations, utilizing innovative technical solutions aimed at minimizing environmental and visual impact, and will benefit from technological and logistic synergies with the other offshore wind initiatives managed within the same partnership.

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The wind farms will be developed by a joint working team, in collaboration with Copenhagen Offshore Partners – the exclusive offshore wind development partner of CIP – and NiceTechnology and 7 Seas Wind Power, Italian companies with proven experience in the offshore plant sector, which have collaborated with GreenIT and CIP on the deployment of two other wind farms in Sicily and Sardinia.

CIP mentioned that this agreement represents an additional strategic step and a firm commitment to strengthening the floating offshore wind industry in Italy, providing a significant contribution towards a low carbon future as well as encouraging the development of the local supply chain.

GreenIT delves for the development, construction, and management of RE plants in Italy. Copenhagen Infrastructure Partners (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.