PKA and PFA divest stake in Walney Extension, an offshore wind farm located in the Irish Sea AIP Management, on behalf of PKA, and PFA Pension, has agreed to divest a minority stake of their joint holding in Walney Extension, the operational offshore wind farm…
AIP expands its presence in North America and opens an office in New York
AIP Management is pleased to announce the establishment of its New York office as of November 1st, 2022. The office will be led by Director Lasse Helstrup, who is joined by experienced AIP investment professionals relocating from the Copenhagen office, including Kristian S. Clausen and Jonas Thelin. During 2023, AIP expects to further expand its North American organization and hire local professionals for its investment team and asset management team.
AIP made its first investment in North America in 2018 when it acquired a stake in the solar PV plants Garland and Tranquillity in California. Today, AIP has a total of eight renewable energy assets in the US. AIP sees great potential in the US energy-infrastructure market, where it expects to invest more than USD 1 billion over the coming two years.
Lasse Helstrup, Director at AIP, comments, “Establishing a local presence in the US has been under consideration for a while. I am proud to be responsible for setting up and leading our organization in New York, where we look forward to welcoming our current trusted partners and building new relationships.”
Kasper Hansen, Managing Partner at AIP, comments, “The US renewables market is one of the most attractive globally with significant potential for future growth. AIP expects to invest more than USD 1 billion into new US projects over the coming 2 years, making it a core investment focus for our current fund. The opening of an office in New York allows us to enhance our presence in the US, where we will continue to provide long-term flexible capital for the buildout of utility-scale renewable energy projects.”
About AIP Management
AIP Management is a Danish investment manager dedicated to investing into energy and infrastructure assets in Europe and the US. To date, AIP has invested more than EUR 5 billion across more than 25 energy transition assets delivering sustainable energy to cover the equivalent of 2.2 million households’ consumption and save more than 3 million tonnes of CO2 on an annual basis.
AIP Management has built its renewable energy portfolio in the United States since 2018, consisting of equity ownership and flexible financing solutions investing more than USD 900 million across eight solar PV, onshore wind, and energy storage projects with a combined nameplate capacity of c. [1.6] GWdc. The strategy of AIP is to form strategic partnerships with renewable energy developers and like-minded investors to source and execute investments and secure long-term operational support. The expectation is to deploy more than USD 1 billion in the next two years through AIP Infrastructure II. The primary investment focus will continue to be utility-scale renewable energy and energy storage projects.
For more information, please visit www.aipmanagement.dk.