White & Case advises Copenhagen Infrastructure Partners on investment in New Zealand offshore wind market
1 min read
Global law firm White & Case LLP has advised Copenhagen Infrastructure Partners (CIP) on its investment in a jointly held company with NZ Super Fund to explore the potential for large-scale offshore wind energy in the South Taranaki Bight.
"The New Zealand offshore wind market presents significant opportunity for investors as New Zealand transitions from fossil fuels to clean energy," said White & Case partner Cameron Watson, who co-led the Firm's deal team. "New Zealand has an ambitious clean energy target, which is attracting international investors who wish to invest alongside domestic partners."
The project will be CIP's first investment in Aotearoa New Zealand and follows the NZD58 billion NZ Super Fund's NZD208 million commitment to CIP's new Energy Transition Fund (CI ETF I) in 2021.
"As the energy transition continues to gather pace, White & Case has been advising clients in the offshore wind industry on their entry into a number of new markets throughout Asia-Pacific," said White & Case partner Andrew Clark, Regional Section Head Asia-Pacific EIPAF & Disputes, who co-led the deal team. "New Zealand joins Australia, Taiwan, Korea, Japan, Vietnam and India in attracting significant international attention for offshore wind projects".
The White & Case team which advised on the transaction was led by partners Andrew Clark (Melbourne) and Cameron Watson (Sydney), with support from counsel Hilary Cure (Melbourne) and associates Kevin Chen (Sydney) and Max Hall (Melbourne).
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