Copenhagen Infrastructure Partners (CIP), through its flagship fund CI V, has entered a strategic partnership with Stiesdal Offshore. As part of this partnership, CI V acquires a minority stake in Stiesdal Offshore. The financial details of the transaction have not been disclosed.
Stiesdal Offshore has developed the modular, industrially manufactured Tetra foundation concept. With this new partnership, Stiesdal Offshore plans to expand its business from design and development of floating foundations to becoming a one-stop shop for floating wind enablement. This will include offering owner’s engineering services and full-service project support and execution.
The TetraSpar floating wind turbine demonstrator by Stiesdal Offshore has been operating in 200 metres of water off the Norwegian coast since December 2021, achieving availability of 97.0% and 98.3% in the first two years.
