Copenhagen Infrastructure Partners’ (CIP) fund via its Copenhagen Infrastructure IV K/S (CI IV) fund will buy a 50% stake in Statkraft’s 2.2GW offshore wind portfolio in Ireland.

The deal includes the joint development of three phases of the North Irish Sea Array off Dublin and the Bore Array project in the Celtic Sea.

“Ireland has a wealth of renewable energy resources right on its doorstep – energy that has largely remained untapped. Statkraft and CIP will now work together to bring that clean, green power to the Irish people,” said Statkraft offshore wind head David Flood.