Copenhagen Infrastructure Partners (CIP) and Allianz Investment Management (AIM) will carry out a feasibility study in respect of an artificial energy island in the German North Sea that would be linked to large offshore wind farms and supply power to the domestic market.

The study comes in response to the announcements made by Berlin to speed up its energy transition, and the joint declaration with Denmark, Belgium and the Netherlands yesterday for a stepped-up regional cooperation to tap into the North Sea’s enormous wind potential.