Published by Global Banking & Finance Review®
Posted on February 26, 2025
1 min readLast updated: January 25, 2026
Add as preferred source on GoogleCopenhagen Infrastructure Partners acquires the 480MW Morecambe offshore wind project, set to power over 500,000 UK homes.
LONDON (Reuters) - Copenhagen Infrastructure Partners has agreed to buy an offshore wind project in Britain from COBRA Group and Flotation Energy, the fund manager said on Wednesday.
The 480-megawatt fixed-bottom offshore wind project, called Morecambe, is off the Lancashire coast in the Eastern Irish Sea.
It will have enough capacity to power over half a million households. The project lease was secured in a UK offshore wind leasing round in 2021 and planning applications have been submitted.
The financial terms of the deal were not disclosed. Flotation Energy, owned by TEPCO Renewable Power, will remain involved after the transaction as a development partner on the project.
The British government aims to deliver 43-50 gigawatts (GW) of offshore wind by 2030 as part of efforts to combat climate change.
(Reporting by Nina Chestney, Editing by Louise Heavens)
Copenhagen Infrastructure Partners has agreed to buy the Morecambe offshore wind project.
The Morecambe wind project has a capacity of 480 megawatts, enough to power over half a million households.
Flotation Energy will remain involved as a development partner on the project after the transaction.
The British government aims to deliver 43-50 gigawatts of offshore wind by 2030 as part of efforts to combat climate change.
The project lease for Morecambe was secured in a UK offshore wind leasing round in 2021.
Explore more articles in the Finance category
