Copenhagen Infrastructure Partners (CIP) through its Copenhagen Infrastructure IV fund has sold a 10% stake in Australia’s biggest offshore wind project Star of the South to local building and construction industry super (retirement) fund Cbus Super.

The up to 2.2GW Star of the South is Australia’s most progressed offshore wind project, to be located off the south coast of Gippsland in Victoria, CIP said.

“Combining CIP’s industrial background and international experience within offshore wind with Cbus’ local experience, our partnership will enable the provision of renewable power to Victorian homes and businesses and contribute to reaching Victoria’s decarbonisation targets,” said CIP partner Michael Hannibal.