ACOD - Atlantic Canada Offshore Developments
ACOD is a Joint Venture between CIP and Shell Canada
Copenhagen Infrastructure Partners (CIP) is the world’s largest fund management company specializing in renewable energy infrastructure assets. CIP’s global investments include a wide range of energy infrastructure assets including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, and Power-to-X.
Shell Canada Energy (Shell Canada) joined the partnership in July 2021 and brings over 100 years of experience in the Canadian energy sector. Shell Canada is part of a global group of energy and petrochemical companies with more than 80,000 employees in more than 70 countries. In Canada, Shell is actively exploring opportunities to invest in new fuels for transport, renewable power and customer solutions enabled by digital technology to lead the global movement towards cleaner energy.
The St. George’s Bay offshore wind farm is one of four projects in the Atlantic Canada region under development by the Parties and known collectively as Atlantic Canada Offshore Developments (ACOD).These projects include St. George’s Bay (SGB) in Newfoundland and 3 other projects in Atlantic Canada.
The St. George’s Bay offshore wind farm is a demonstration project with the following key objectives:
- To stimulate economic growth and create clean jobs
- To capitalize on existing skill sets available in the region
- To prove the viability of offshore wind in Atlantic Canada
- To contribute to the region’s objective of reducing greenhouse gas emissions
- To utilize existing infrastructure to support the development of offshore wind
- Project Developer
- Renewable Energy