Green Giraffe Advisory advised CIP on the acquisition of a 49% stake in Taean Wind Power and its successful bid in the 2024 Korean wind auction
Green Giraffe Advisory acted as the exclusive financial advisor to CIP on its acquisition of a 49% stake in the Taean Wind Power project through its flagship fund, Copenhagen Infrastructure V, in late 2024, as well as its subsequent successful bid in the 2024 Wind Power Fixed-Price Contract Auction arranged by the Korea Energy Agency (KEA).
The Taean Wind Power project, which will be jointly developed with Vena Energy, is a fixed-bottom offshore wind project with a planned capacity of 500 MW. Construction is targeted to start in the second half of 2026, with commercial operations anticipated by late 2029.
The Green Giraffe team is pleased to have supported CIP’s acquisition and its continued growth in the Korean offshore wind sector, which is one of the most promising in APAC.