A new €1.5bn fund for renewable energy infrastructure investments has launched, with the ambition to achieve capital commitments of up to €7 billion and invest up to €14bn in greenfield renewable energy infrastructure across North America, Western Europe, developed Asia and Australia.
Led by Copenhagen Infrastructure Partners (CIP) the fund is set to be the largest such fund globally, and in reaching first close has included leading institutional investors, including the two Danish pension funds PensionDanmark and AP Pension, KLP from Norway as well as pension and life companies and large family offices.
“The market timing is favourable for greenfield renewable infrastructure investments, and the fund and CIP are well positioned to capture the attractive market opportunity with significant visibility of the investment pipeline and a high degree of execution certainty delivered by a large team of experienced industrialists” says Jakob Baruël Poulsen, managing partner in CIP.
CIP has seven funds and have currently made 20 investments in large scale energy infrastructure assets totalling almost 8GW in capacity across the US, the UK, Germany, Spain, and Taiwan. In addition, more than 15 greenfield energy infrastructure projects are in process to reach final investment decision and start of construction within the next 2-3 years.
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