Category: Press Releases

The winners of this year’s edition of the Lorenzo Natali Media Prize, awarded by the European Commission, were announced at a ceremony hosted at the Solvay Library in Brussels.

The winners are:

For the International Prize:  the three journalists Carmen Victoria Inojosa, Claudia Smolansky and a third whose name cannot be disclosed for security reasons, were awarded the International Prize for their compelling article ‘Así funcionan las casas clandestinas de la Dgcim en Caracas‘ published in Armando.info. Their work exposed the harrowing reality of systematic persecution in Venezuela, targeting political opponents and their families with alarming impunity.

For the Europe Prize: Italian journalists Emanuela Barbiroglio and Stefano Valentino won with an article entitled ‘European green finance is paying for deforestation in Indonesia: the case of Michelin‘ published in VoxEurop. Their piece delved into the realm of sustainable development projects and green finance, shedding light on the fact that these initiatives can sometimes be deceiving. They highlighted a certified ‘green’ project by Michelin in Indonesia, revealing its potential contribution to the destruction of the rainforest, thus misleading environmentally conscious investors.

For the Best Emerging Journalist Prize: Sofia Savina was awarded this Prize for her investigative work on the reputation of the Russian military, particularly regarding incidents of murder and rape in Bucha, Kiev and in the Chernihiv region. Her impactful investigation ‘Not just Bucha. Here’s what happened outside Chernihiv‘ was published in IStories media.

The 2023 winners were chosen from a pool of over 1 000 submissions from across the globe. Following a pre-selection by four journalism schools – Universidade Catôlica Portuguesa (Portugal), Universidad de Navarra (Spain), Université Saint-Joseph de Beyrouth (Lebanon), and Vesalius College (Belgium) – the winners were selected by a Grand Jury composed of 5 eminent international experts from the world of journalism:

• Katia Brembatti, award-wining journalist, part of the leadership of the Abraji Associação Brasileira de Jornalismo Investigativo and former journalism professor at Positivo University.
• Naglaa Elemary, Professor at the Jordan Media Institute and the British University in Egypt in media and journalism studies, consultant for the Thomson Reuters Foundation;
• Vânia Maia, award-winning journalist, member of the Media and Journalism Literacy Association (ALPMJ);
• Syed Nazakat, award-winning journalist and the founder and CEO of DataLEADS;
• Frederik Obermaier, book author and Pulitzer Prize-winning investigative reporter.

Signing of a new EU support to independence of media

At the ceremony, a Financial Framework Partnership Agreement (FFPA) Protecting Independent Media that will allow strategic cooperation with selected NGOs that work to protect media freedom and pluralism across the globe was signed with three leading consortia. The duration of the Partnership Agreement is four years and up to €20 million will be made available from the EU side in project grants.

The three consortia are:

• BBC Media Action, WAN IFRA, Fondation Hirondelle, IFJ, ERIM, Sembramedia, MISA, Samir Kassir Foundation, ARIJ
• Internews Europe, Article 19, Fojo Media Institute/Linnaeus University, Thompson Media, Transtele Canal France International
• Stichting Free Press Unlimited, RSF, Deutsche Welle, International Media Support

The aim of the strategic partnership is to increase the resilience of journalists and media houses at risk, increasing their capacity to react and adapt appropriately to the inevitable changes in their environment. It also aims at providing young journalists, operating in difficult conditions, access to professional development and learning opportunities, including in the field of digital technologies.

Background

The Prize is named in honour of Lorenzo Natali, former Vice-President of the European Commission and a tireless advocate for freedom of expression and human rights. This award has been celebrating journalistic excellence since 1992.

It recognises the work of editors and reporters from around the world who have made an extraordinary contribution to the profession and have demonstrated an ongoing commitment to the fundamental values of journalism, addressing crucial issues such as the human impact of inequality, poverty and climate change, as well as the importance of education and the value of human rights in our society.

Attachment

• Winners of the 31st edition Lorenzo Natali Media Prize

GlobeNewswire Distribution ID 1000843834

RICHMOND, British Columbia and TOKYO, Oct. 11, 2023 (GLOBE NEWSWIRE) — Today, General Fusion and Kyoto Fusioneering announced a Memorandum of Understanding (MOU) to accelerate the commercialization of General Fusion’s proprietary Magnetized Target Fusion (MTF) technology, aiming for grid integration in the early to mid-2030s. The companies will collaborate to advance critical systems for MTF commercialization, including the tritium fuel cycle, liquid metal balance of plant, and power conversion cycle.

Tritium, a hydrogen isotope and key fusion fuel, does not occur naturally and must be produced or “bred” in the fusion process. General Fusion’s game-changing commercial power plant design features a proprietary liquid metal wall that compresses plasma to fusion conditions, protects the fusion machine’s vessel components, and breeds tritium upon interacting with the fusion products. This design allows the machine to be self-sustaining, generating fuel for the life of the power plant while facilitating efficient energy extraction from the fusion reaction through a liquid metal loop to a heat exchanger.

Kyoto Fusioneering specializes in fusion power plant systems that complement the plasma confinement core, are applicable to various fusion confinement concepts, such as MTF, and are on the critical path for fusion commercialization. The complementary capabilities of both organizations will enable parallel development of key systems supporting MTF commercialization. Initial collaboration under this MOU will focus on liquid metal experimentation and fuel cycle system development at both the General Fusion and Kyoto Fusioneering facilities, such as establishment of balance of plant and power conversion test facilities, liquid metal loops, and vacuum systems.

Quotes:

“Currently, our new machine, LM26, is on-track to achieve fusion conditions by 2025, and progress towards scientific breakeven by 2026,” said Greg Twinney, CEO, General Fusion. “Harnessing the unique technological and engineering expertise of Kyoto Fusioneering will be instrumental as we translate LM26’s groundbreaking results into the world’s first Magnetized Target Fusion power plant.”

“We’re thrilled to join forces with General Fusion. Our combined expertise will accelerate the path to commercial fusion energy, a critical step toward a sustainable, decarbonized future,” said Satoshi Konishi, Co-founder and Chief Fusioneer, Kyoto Fusioneering.

Quick Facts:

• Magnetized Target Fusion uniquely sidesteps challenges to commercialization that other technologies face. The proprietary liquid metal liner in the commercial fusion machine is mechanically compressed by high-powered pistons. This enables fusion conditions to be created in short pulses rather than creating a sustained reaction. General Fusion’s design does not require large superconducting magnets or an expensive array of lasers.

• General Fusion’s design will use deuterium-tritium fuel for its commercial power plant. Both are isotopes of hydrogen. Deuterium occurs naturally and can be derived from seawater. Tritium needs to be produced, which is why General Fusion’s unique and proprietary technology that breeds tritium as a byproduct of the fusion reaction is a game-changer.

• Kyoto Fusioneering was spun out of Kyoto University. It is home to world-class R&D facilities, and its team has a combined total of approximately 800 years of experience.

About General Fusion
General Fusion is pursuing a fast and practical approach to commercial fusion energy and is headquartered in Richmond, B.C. The company was established in 2002 and is funded by a global syndicate of leading energy venture capital firms, industry leaders and technology pioneers. Learn more at generalfusion.com.

General Fusion Media Relations
media@generalfusion.com
+1-866-904-0995

Follow General Fusion
twitter.com/generalfusion
instagram.com/generalfusion
linkedin.com/company/general-fusion
facebook.com/generalfusion
youtube.com/c/GeneralFusionInc

About Kyoto Fusioneering
Kyoto Fusioneering, established in 2019, is a privately funded technology startup with facilities in Tokyo and Kyoto (Japan), Reading (UK), and Seattle (USA). The company specialises in developing advanced technologies for commercial fusion power plants, such as gyrotron systems, tritium fuel cycle technologies, and breeding blankets for tritium production and power generation. Working collaboratively with public and private fusion developers around the world, Kyoto Fusioneering’s mission is to make fusion energy the ultimate sustainable solution for humanity’s energy needs.

Explore more about KF’s vision for the future of energy at www.kyotofusioneering.com/en/ or by contacting media@kyotofusioneering.com 

GlobeNewswire Distribution ID 8947172

การอัปเกรดไซต์งานที่อาร์เจนตินาทำให้สามารถเพิ่มกำลังการผลิตผงเวย์เพอมิเอตและการผลิตโปรตีนเกรดสูตรสำหรับทารกได้เป็นสองเท่า

โคเปนเฮเกน เดนมาร์ก, Oct. 11, 2023 (GLOBE NEWSWIRE) — Arla Foods Ingredients ได้ปรับปรุงโรงงานในเมือง Porteña ในอาร์เจนตินาเพื่อตอบสนองความต้องการส่วนผสมเวย์ที่มีคุณภาพซึ่งเพิ่มขึ้นทั่วโลก โดยเฉพาะในละตินอเมริกา การอัปเกรดที่โดดเด่นคือหออบแห้งแห่งใหม่ซึ่งเพิ่มความจุของผงเวย์เพอร์มิเอต และปูทางสำหรับการผลิตโปรตีนเกรดสูตรสำหรับทารก

การขยายตัวนี้เพื่อทำให้สอดคล้องกับความต้องการที่เพิ่มขึ้นจากเอเชียและละตินอเมริกา การเริ่มใช้หอใหม่นั้นจะเปลี่ยนเวย์เพอมิเอตที่มีลักษณะเป็นของแข็งไปเป็นส่วนผสมแบบแห้ง ซึ่งเพิ่มกำลังการผลิตเป็นสองเท่าได้อย่างมีประสิทธิภาพ

เมื่อบรรลุข้อตกลงทางการเงินแล้ว RELCO จะเป็นผู้นำการก่อสร้างหอคอยนี้โดยตั้งเป้าให้แล้วเสร็จในปี 2569

Henrik Andersen ประธานเจ้าหน้าที่บริหารได้กล่าวว่า “เราเปิดดำเนินการในอาร์เจนตินามาตั้งแต่ปี 2543 และพอใจกับความสำเร็จของ Arla Foods Ingredients S.A. ซึ่งความสำเร็จดังกล่าวช่วยให้บริษัทมีการเติบโตต่อไปได้ การอัปเกรดนี้สอดคล้องกับกลยุทธ์ของเราเพื่อตอบสนองความต้องการผลิตภัณฑ์เวย์ที่มีคุณภาพซึ่งเพิ่มขึ้นในละตินอเมริกาและทั่วโลก”

การผลิตโปรตีนเกรดสำหรับทารกต้องปฏิบัติตามมาตรฐานสากลที่เข้มงวด* Danmark Protein ของ Arla มีบทบาทในอุตสาหกรรมนี้ในอดีต หลังการอัปเกรด โรงงานใน Porteña จะมีคุณสมบัติตามมาตรฐานเหล่านี้ พร้อมกับมีการปรับปรุงกระบวนการสุขาภิบาลและการปฏิบัติงาน ความร่วมมือกับโรงรีดนมในท้องถิ่นซึ่งรวมถึงการฝึกอบรม จะช่วยรับประกันคุณภาพของวัตถุดิบให้ดียิ่งขึ้น

Andersen กล่าวเสริมว่า “ความสำเร็จของเราในการผลิตผลิตภัณฑ์สำหรับทารกในละตินอเมริกานั้นเกิดจากการทุ่มเทอย่างแน่วแน่และการเป็นพันธมิตรกับโรงรีดนมในท้องถิ่น”

Arla คาดการณ์ว่า หลังจากการอัปเกรดในเดือนมิถุนายน การผลิตโปรตีนเกรดสำหรับเด็กทารกจะเพิ่มขึ้นอย่างรวดเร็ว

Arla Foods Ingredients สนับสนุนคำแนะนำของ WHO สำหรับการเลี้ยงลูกด้วยนมแม่เพียงอย่างเดียวในช่วงหกเดือนแรกของทารก ตามด้วยการเลี้ยงลูกด้วยนมแม่อย่างต่อเนื่องควบคู่ไปกับการให้อาหารที่เหมาะสมจนกระทั่งมีอายุสองปีหรือมากกว่านั้น

*มาตรฐาน Codex Alimentarius สำหรับโปรตีนสูตรสำหรับทารกและสูตรสำหรับวัตถุประสงค์ทางการแพทย์พิเศษที่มีไว้สำหรับทารก

เกี่ยวกับ Arla Foods Ingredients
Arla Foods Ingredients เป็นผู้นำระดับโลกในการปรับปรุงโภชนาการระดับพรีเมียม เราร่วมมือกับลูกค้า พันธมิตรด้านการวิจัย ซัพพลายเออร์ องค์กรพัฒนาเอกชน และอีกมากมาย ในการค้นพบและส่งมอบส่วนผสมและผลิตภัณฑ์ที่มีเอกสารสนับสนุนซึ่งสามารถพัฒนาโภชนาการในทุกช่วงเวลาของชีวิตเพื่อประโยชน์ของผู้บริโภคทั่วโลก

เราให้บริการแบรนด์ชั้นนำระดับโลกในด้านโภชนาการในวัยเด็ก โภชนาการทางการแพทย์ โภชนาการการกีฬา อาหารเพื่อสุขภาพ และอาหารและเครื่องดื่มอื่น ๆ

Arla Foods Ingredients มีสำนักงานใหญ่ในเดนมาร์ก โดยเป็นบริษัทในเครือของ Arla Foods และมีการถือหุ้นโดย Arla Foods 100%

LinkedIn
http://www.linkedin.com/company/arla-foods-ingredients

LinkedIn (ละตินอเมริกา)
https://www.linkedin.com/showcase/arla-foods-ingredients-latin-america/

LinkedIn (จีน)
https://www.linkedin.com/showcase/arla-foods-ingredients-china/ 

ติดต่อด้านสื่อ:
Tim Brown
tim198515@gmail.com

GlobeNewswire Distribution ID 8947317

Vestforsyning, Struer Energi, and Copenhagen Infrastructure Partners today announced that the three entities have reached an agreement on the transaction of MEC-Biogas. The purpose of it is to create and develop a center for sustainable bioenergy in Holstebro and Struer municipalities.

COPENHAGEN, HOLSTERBO, Denmark, Oct. 11, 2023 (GLOBE NEWSWIRE) — Copenhagen Infrastructure Partners (CIP) will, through its CI Advanced Bioenergy Fund I, invest in the expansion of the sustainable bioenergy sector in Holstebro and Struer municipalities by investing in the expansion and upgrade of MEC-Biogas.

MEC-Biogas is one of Denmark’s first large-scale industrial biogas plants that today converts around ~500,000 tons of manure yearly to raw biogas for power and heat production. CIP expects to increase the total yearly capacity of sustainable biomass to ~800,000 tons, and to furthermore develop new business models for the plant, incl. ~30m Nm³ upgraded biogas to be injected into the gas grid and ~40,000 tons biogenic CO₂ for the PtX industry.

CIP believes that bioenergy projects must be locally anchored, both in terms of their position in the local community, and also in terms of contributing to the development of the agricultural sector and its routes for future decarbonisation. As a result of the new investment, CIP expects to create growth and additional jobs in the local community with a solid foundation in the local agricultural sector.

”Copenhagen Infrastructure Partners are looking forward to cooperating with existing and new partners in the local community to create a center for Danish bioenergy. We continue to see a large potential in the efficient conversion of sustainable biomass to green gas and green fuels – and we believe that advanced bioenergy is going to play a vital role in the green transition, and especially in the transportation sector. The acquisition and expansion of MEC-biogas with our local partners, Struer Energi and Vestforsyningen, represents an important milestone, and we view it as one of our main projects in the Advanced Bioenergy Fund. We are looking forward to realizing the project, which will significantly contribute to reducing the greenhouse gas emissions and create local jobs,” says Andreas F. Brandt, partner at CIP.

Beyond the already planned investments, CIP is looking at future expansion possibilities for the bioenergy-center, such as 2^nd generation bioethanol and pyrolysis projects. This has, from the beginning, been one of the fundamental considerations as part of the investment, which is why CIP is now looking into the possibility of establishing a bioethanol plant in Måbjerg.

Both Struer Energi and Vestforsyningen are happy that CIP is ready to acquire and invest a multimillion amount into developing Maabjerg Energy Centers biogas plant, and especially that CIP views 2^nd generation bioethanol and pyrolysis as a future vital part of a sustainable bioenergy center.

”We would have loved to be a part of the expansion of renewable energy in this area, however, the regulations on municipality-owned enterprises would constantly have slowed us down,” says Kjeld Graversgård, the Chair of the board in Struer Energi.

”An expansion of the biogas plant calls for upgrading the biogas to be able to inject it to the gas grid. There is not a legal basis for us, as a municipality owned enterprise, to expand the plant,” adds Pernille Bloch, Chair of the board in Vestforsyningen.

The development of the bioenergy sector facilitates the long-term need for energy security and independence in Denmark, as well as the ambitions to reduce greenhouse gas emissions within the industrial, transportation and agricultural sectors.

About Copenhagen Infrastructure Partners

Copenhagen Infrastructure Partners P/S (CIP) was founded in 2012 and is today one of the largest dedicated fund managers within sustainable greenfield-investments and a global leader within offshore wind. The funds are administered by CIP and focuses on energy infrastructure, including onshore and offshore wind, solar panels, biomass, waste-to-energy, power transmission and distribution, Power-to-X, and advanced bioenergy.

CIP manages 11 funds and has approximately EUR 26bn under management for investments in energy and associated infrastructure, from more than 150 international institutional investors. CIP has approximately 400 employees and 11 offices across the globe. For more information, visit www.cip.com

For more information, contact:

Oliver Routhe Skov, Head of Media Relations
Phone: +45 30541227
Email: orsk@cip.com

Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.com

Christian Hagelskjær, CEO, Vestforsyning and Maabjerg Energy Center
Phone: 51 58 73 10

Pernille Bloch, Chair of the board, Vestforsynings and Maabjerg Energy Centers Board of Directors
Phone: 40 24 94 94

Kjeld Graversgård, Chair of the board, Struer Energi’s Board of Directors
Phone: 20 28 45 11

GlobeNewswire Distribution ID 1000843676

SAN FRANCISCO and HONG KONG, Oct. 11, 2023 (GLOBE NEWSWIRE) — Matthews, a privately owned investment management firm with more than 30 years focused on Global Emerging Markets and Asia, announced that Sean Taylor has joined the firm and will be appointed chief investment officer (CIO), effective January 1, 2024, as part of the firm’s long-term succession planning.

A highly experienced CIO and portfolio manager, Mr. Taylor has over 25 years of global experience within the investment management industry. He joins Matthews from DWS Group where he was most recently chief investment officer APAC and head of Emerging Markets. His experience leading investment teams in global and international equities, fixed income, and alternative strategies has earned him a reputation as a highly regarded Emerging Markets portfolio manager. Mr. Taylor has been responsible for investment teams located in the U.S., Europe, Asia Pacific, Latin America and the Middle East, where he has developed deep partnerships with sovereign wealth groups, pension funds and a wide range of institutional clients.

As Matthews’ chief investment officer in 2024, Mr. Taylor will lead the firm’s San Francisco- and Hong Kong-based investment teams and play an important role in continuing to build on Matthews’ active partnerships with institutional and professional clients. He will continue the firm’s focus on investment excellence and a culture of collaboration, openness, curiosity and innovation within the team. Partnering closely with the firm’s senior leadership team, he will also support Matthews’ customized solutions platform that addresses the evolving needs of our clients.

“Sean brings extensive investment leadership to Matthews. In addition to seeking compelling investment performance, he will evolve our investment offering and support our ‘Active Partnership’ approach to clients that goes beyond product manufacturing to provide a holistic long-term investment solution,” said Cooper Abbott, chief executive officer of Matthews. “Having led investment teams globally for over 10 years, Sean has a proven track record as a strong transformational leader. Sean is also a highly experienced portfolio manager across Emerging and Developed Markets. Following other recent senior hires by Matthews, Sean’s appointment further emphasizes our commitment to building a strong entrepreneurial leadership team that deepens our presence in Emerging Markets and Asia Pacific.”

“I am delighted to join Matthews at a time when investors are looking for deeper investment expertise across core asset classes,” said Sean Taylor. “As a recognized leader within Emerging Markets and Asia, Matthews offers a strong, highly differentiated value proposition with an emphasis on developing deep partnerships with clients and delivering long-term outperformance. Given the firm’s expertise and capabilities, I believe it can meet the real need for implementable insights within a changing global context. Matthews has an incredible pedigree and depth of talent and I look forward to helping them achieve their goal of delivering leading investment performance while further enhancing the firm’s investment platform to meet the needs of clients.”

The appointment of Mr. Taylor follows a decision by Robert Horrocks, PhD, chief investment officer and portfolio manager to step back from his current leadership responsibilities. Following a transition period, Robert will step down from his chief investment officer role at the end of 2023 and will remain as a portfolio manager on the Matthews Asian Growth and Income, Matthews Asia Dividend and Matthews Asia ex Japan Total Return Equity Strategies, in addition to working closely with the firm’s global clients.

“Sean is a highly regarded investment leader with an outstanding track record of building disciplined, high-performing investment teams globally,” said Robert Horrocks, PhD, chief investment officer. “He will continue to evolve our investment platform across Emerging and Developed Markets to ensure we remain firmly aligned with the changing needs of our clients. As a passionate investor in Emerging Markets, Sean comes with a proven track record that immediately enhances our value proposition and I look forward to working closely with Sean over the coming months to ensure a seamless and successful transition.”

Matthews provides investors with a broad range of investment solutions across Emerging Markets, Asia and China. These include global, regional, country and thematic strategies available in SMAs, Active ETFs, and mutual funds. The firm also provides customized solutions to clients. These include strategies that have a sustainability focus, as well as solutions for investors wanting to exclude China from their portfolios.

Media Contact in the U.S.:
Dukas Linden PR
Sarah Lazarus/Stephanie Dressler
+617-335-7823/+949-269-2535
sarah@dlpr.com/stephanie@dlpr.com

Media Contact in Europe:
Sam Emery
Quill PR
+44 207 466 5056

About Matthews:
Matthews is an independent, privately owned investment manager founded in 1991 on a belief that Global Emerging Markets offer exceptional long-term growth potential. As a trusted and experienced guide, Matthews takes a long-term, active, fundamental investment approach to construct highly differentiated portfolios that focus on Emerging Markets, Asia and China. The firm manages assets on behalf of institutions, advisors and individual investors globally in vehicles that include SMAs, mutual funds and active ETFs. For more information about Matthews, please visit www.matthewsasia.com.

Disclosure
This announcement is for informational purposes only and does not, in any way, constitute investment advice or an offer to sell or a solicitation of an offer to buy any security or product mentioned herein. Investing in international and emerging markets may involve additional risks, such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation.

Matthews Asia is a brand for Matthews International Capital Management, LLC and its direct and indirect subsidiaries.

GlobeNewswire Distribution ID 8946894

Jeonnam I – a 99-MW offshore wind farm off the coast of Shinan County, Jeonnam Province in the southwest of Korea – has reached financial close and construction completion of the wind farm is expected by the end of 2024

SEOUL, South Korea and COPENHAGEN, Denmark, Oct. 11, 2023 (GLOBE NEWSWIRE) — Jeonnam I is a joint venture between SK E&S, one of the largest conglomerates in South Korea, and Copenhagen Infrastructure Partners (“CIP”) through its fund Copenhagen Infrastructure III (“CI III”).

Jeonnam Offshore Wind Power was founded in 2020 as a 51-49 joint venture between SK E&S and Copenhagen Infrastructure Partners (CIP) and the project is expected to become the first Korean commercial scale offshore wind farm to go into operation in 2024. The project has been developed by a joint team comprised by SK E&S and Copenhagen Offshore Partners (COP), the exclusive offshore wind development partner to CIP.

SK E&S and CIP are also jointly developing Jeonnam 2 and Jeonnam 3, two offshore wind projects with a total capacity of 800MW currently in the development phase. Jeonnam 1, 2 and 3 will support Korea’s ambitious target of reaching 14,3GW of offshore wind power by 2030, a significant increase compared to the existing 0,1GW installed today.

Jeonnam Offshore Wind Power obtained Electricity Business License in 2017 and entered a grid connection agreement with KEPCO, the state-owned utility in South Korea, allowing the project to connect to the grid during 2024. In 2022, Jeonnam I was awarded a 20-year fixed-price offtake agreement with Korea Hydro & Nuclear Power through Korea’s first wind offtake auction.

Throughout 2022, the project also signed manufacturing and construction contracts with Korean suppliers including Hyundai Engineering and Steel Industries, Hyundai Electric and Gaon, KT Submarine and LS Cable and System. The project will utilize Mokpo New Port as marshalling port throughout construction, given the port’s ideal location near the Jeonnam 1 site.

Jeonnam 1 CEO Daniel Yun said, “SK E&S is proud to be leading the offshore wind industry in Korea with this landmark project. Jeonnam 1 is expected to provide green electricity equivalent to approximately 60,000 households in Korea.”

Jeonnam 1 COO Jesper Krarup Holst commented, “We are delighted to reach this milestone and enter the construction phase together with our JV partner and the project team. Together, we have demonstrated the power of close collaboration across companies and cultures to resolve tough challenges, to reach financial close, and to support Korea in its efforts to achieve their ambitious renewable energy goals.”

Torsten Lodberg Smed, senior partner at CIP, said, “Korea has a vast potential for offshore wind and CIP has, since entering the Korean market in 2018, invested significantly in developing the country’s wind power projects in multi-giga watts scale and its supply networks and foster a strong industry ecosystem. We are proud to have reached financial close and entering the construction phase on Jeonnam 1 and we look forward to completing this landmark project together with our partners.

CIP is also pursuing partnerships in Korea regarding the development and supply of blue and green ammonia into Korea to further facilitate Korea’s green transition.”

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages ten funds and has to date raised approximately EUR 26 billion for investments in energy and associated infrastructure from more than 150 international institutional investors. CIP has approximately 400 employees and 12 offices around the world. For more information, visit www.cip.com

For further information, please contact:

E-mail: media@cip.com

Simon Mehl Augustesen, Chief Communication Officer
Phone: +45 3052 6721
Email: siau@cip.com

Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.com

GlobeNewswire Distribution ID 1000843495