CIP and Magellan target US floating portfolio

UNITED STATES: Copenhagen Infrastructure Partners (CIP) has formed a joint venture (JV) with a team of offshore wind specialists to put together an early-stage development portfolio of floating offshore wind farms.

Henrik Stiesdal's TetraSpar foundation design favoured by Magellan and CIP (pic: DNV GL)

The Danish fund management company will work with developer Magellan Wind, which was founded by Jim Lanard and Jeff Kehne, who have both worked for the Offshore Wind Development Coalition and Bluewater Wind.

Projects could be small- or large-scale and situated off the California coast and other areas off the US with deep waters, the partners said, though a total capacity or timeline has not yet been specified.

The partners added that they see the TetraSpar floating foundation, designed by Siemens’ former chief technology officer Henrik Stiesdal, as the "best-in-class technology".

Stiesdal's design consists of a tension-leg platform that floats a partially submerged foundation while the mooring lines are attached to anchors on the seabed.

Founded by Kehne and Lanard in 2014, Magellan Wind will contribute "knowledge of US leasing, permitting, offtake, transmission and interconnection", it stated.

Kehne has also worked for Bluewater Wind and the American Wind Energy Association, while Lanard was previously managing director at developer Deepwater Wind and head of strategy for Bluewater Wind.

Stiesdal and Dan Reicher, executive director of Stanford university’s Steyer-Taylow Center for Energy Policy and Finance, both serve as senior advisors to Magellan.

CIP, meanwhile, will provide knowledge of project design, engineering, finance, construction and operations, it added.

The fund manager co-owns the Vineyard Wind site that was allocated 800MW of capacity in the recent Massachusetts request for proposals.