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Ignitis Renewables and Copenhagen Infrastructure Partners (CIP), through its New Markets Fund, have signed an agreement to collaborate exclusively on offshore wind opportunities in Estonia and Latvia.
CIP and Ignitis Group, together with their affiliates, aim to become an active and long-term partner for the energy transition in the Baltic region, supporting Estonia and Latvia’s decarbonisation targets and energy security ambitions through the deployment of offshore wind. CIP and Ignitis Group will support efforts to develop an offshore wind industry in Estonia and Latvia, focusing on the establishment of a local knowledge hub and workforce.
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