Copenhagen Infrastructure Partners' Divestment in Fengmiao 1 Strengthens Ties with MOL
Deal News | May 15, 2025 | White & Case LLP
Global law firm White & Case LLP has advised Copenhagen Infrastructure Partners (CIP) on selling a 10% stake in the Fengmiao 1 offshore wind farm to Japanese shipping giant Mitsui O.S.K. Lines (MOL). The 495 MW wind farm, located off Taiwan's coast, exemplifies Taiwan's growing role as a renewable energy hub in Asia. The transaction showcases CIP's prowess in advancing offshore wind projects despite challenging market conditions. MOL's integration as a co-investor brings additional maritime expertise to the project. The financing involves equity and loans from a consortium of 27 banks, with support from export credit agencies and Taiwan's National Credit Guarantee Administration. Completion is expected in 2027, contingent on standard regulatory approvals.
Sectors
- Renewable Energy
- Law Firm
- Maritime
Geography
- Taiwan – The Fengmiao 1 offshore wind farm is located in Taiwan, which is central to the article as it emphasizes the country's role in the renewable energy market.
- Japan – Mitsui O.S.K. Lines, a Japanese firm, is involved in the transaction, bringing Japanese expertise into the Taiwanese renewable energy project.
- Hong Kong and Singapore – The advisory team from White & Case is based in both Hong Kong and Singapore, emphasizing these regions' importance in facilitating international transactions.
Industry
- Renewable Energy – The article discusses the divestment related to the Fengmiao 1 offshore wind farm, a significant renewable energy project.
- Law Firm – White & Case LLP is a key participant in advising on the transaction, highlighting the role of law firms in M&A activities within the renewable energy sector.
- Maritime – Mitsui O.S.K. Lines, a major shipping company, is involved as a co-investor in the project, linking maritime expertise to the renewable energy sector.
Financials
- 10% – Stake sold by Copenhagen Infrastructure Partners in the Fengmiao 1 offshore wind farm.
- 495 MW – Capacity of the Fengmiao 1 offshore wind farm.
- 27 – Number of international and Taiwanese banks involved in financing the project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Copenhagen Infrastructure Partners | Vendor | Company | A private equity firm focusing on long-term infrastructure investments, divesting a stake in the Fengmiao 1 offshore wind farm. |
| Mitsui O.S.K. Lines | Buyer | Company | A leading Japanese shipping company acquiring a 10% stake in the Fengmiao 1 offshore wind farm, expanding its footprint in the renewable energy sector. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising on the divestment transaction between CIP and MOL. |
| Fengmiao 1 Offshore Wind Farm | Target | Company | Located off the coast of Taichung County, Taiwan, it is a 495 MW offshore wind farm at the center of this transaction. |
| Taiwan's National Credit Guarantee Administration | Financial Guarantor | Government | Providing partial guarantees for the financing of the Fengmiao 1 offshore wind project. |