Mytilineos and CIP partner for offshore wind – 4C Offshore

MYTILINEOS through itsPower & Gas Business Unit - Protergia has signed an agreement withCopenhagen Infrastructure Partners (CIP), on behalf of CI New Markets FundI, for a joint cooperation (CIP 60% / MYTILINEOS 40%) in the developmentof offshore wind farms in sea areas of Greece.

Both companies will contribute to this cooperation, in order to identifyappropriate sites and co-develop and co-invest in offshore wind projects,by combining resources and expertise.

CIP is a fund management company specialised in energy infrastructure investmentsglobally, in particular within renewables and the greenfield segment. CIPhas approximately EUR 15 billion under management and is one of the largestdedicated greenfield renewable energy funds globally.

The principal developer for all the projects to be developed under theCIP- MYTILINEOS cooperation is Copenhagen Offshore Partners (COP), an offshorewind project development, construction and operations company. In collaborationwith CIP, COP has supported the development of numerous offshore wind projectsin Germany, UK, Taiwan, USA, Australia, Japan, Korea, Vietnam and elsewhere.

General Manager of the Power & Gas Business Unit Mr. Dinos Benroubicommented: "We are proud to collaborate with world leaders in offshorewind projects and we are looking forward to a fruitful cooperation thatwill enhance both the energy strategy of MYTILINEOS and Greece's energytransition."

CIP Partner Michael Hannibal said: "CIP is pleased to join forceswith MYTILINEOS exploring a new offshore wind market. It will be a floatingoffshore wind dominated market, and we look forward to bring our globalexperience and working with MYTILINEOS and local partners to develop goodprojects in Greece."

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Mytilineos and CIP partner for offshore wind - 4C Offshore