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Green Giraffe supports 7 Seas Wind Power and NiceTechnology in a partnership to develop an up to 2 GW floating offshore wind pipeline in Italy
Green Giraffe was mandated to act as sole financial advisor to leading Italian offshore wind developers 7 Seas Wind Power and NiceTechnology (our Clients). We supported our Clients in raising development equity that will support the further development of three floating offshore wind farms in Italy.
The consortium of Copenhagen Infrastructure Partner and GreenIT (the Italian renewable energy joint venture between Plenitude (Eni) and CDP Equity) will be partnering with our Clients to build out the pipeline in Italy.
The plants will be located on average roughly 30 km off from the coast and have an overall capacity of approximately 2 GW. One project of up to 540 MW will be located in Latium, off the coast of Civitavecchia and the other two with capacity of around 500 MW and 1,000 MW each will be located off the coast of Olbia (Sardinia). Combined the three projects are expected to produce around 5 TWh/year of power with commercial operation expected between 2028-2031 once the authorization process and construction phase are complete.
We are proud of our continued success in unlocking floating offshore wind finance. Green Giraffe has participated in over 20 successfully closed transactions, in this young sector, including project, portfolio, corporate and technology funding, both in debt and equity.