The companies will create a 50/50 partnership to build and operate offshore wind farms, as well as their associated transmission assets.
Ørsted and CIP plan to build power-to-x wind power facilities, which will have the capacity to deliver clean energy to the country by 2028.
Ørsted Continental Europe Region head Rasmus Errboe said: “Denmark has been a pioneer in offshore wind and is a frontrunner in the green transformation.
“The four major open-door projects can help consolidate Denmark’s continued leadership position and create the foundation to kick-start the next phase of a Danish business adventure around the production of renewable hydrogen and green fuels.”
The two companies plan to develop the Vikinge Banke and Jyske Banke Nord projects in the North Sea. Each of these projects will have 1.1GW of capacity.
Also in the partners’ pipeline are the Bornholm Bassin Syd and Bornholm Basin Øst projects in the Baltic Sea, each of which has 1.5GW of capacity.
Once completed, the projects will double Denmark’s current installed offshore wind capacity.
CIP senior partner Torsten Lodberg Smed said: “It’s an obvious and good idea for the most experienced Danish offshore wind developers to join forces to ensure that Denmark’s largest build-out of offshore wind takes place as efficiently as possible and with due respect for the environment and biodiversity in Danish waters.
“If we succeed in completing the projects, we’ll also ensure the renewable electricity needed to give the Danish power-to-x industry a much-needed boost, and we’re pleased with the support from the Danish pension funds and their members, who prioritise and invest in the green transition.”