21st July 2024

A big group of institutional buyers throughout continental Europe, the Nordics, the UK, North America and the Asia-Pacific area participated within the first shut of Copenhagen Infrastructure V (CI V), the fifth flagship fund from Copenhagen Infrastructure Companions (CIP). Backed by further buyers, the fund is on monitor to succeed in its goal dimension of $13 billion and is about to turn into the most important fund globally devoted to greenfield renewable power infrastructure investments.

“Reaching almost $6 billion at first shut is a testomony to the significance of the fund, and the arrogance positioned in our industrial method to power infrastructure investments,” says Jakob Baruel Poulsen, managing companion at CIP. “With its greenfield focus and huge and diversified portfolio, CI V has the potential to considerably contribute to and speed up the power transition on a worldwide scale, whereas producing robust returns for our buyers.”

The fund will give attention to greenfield investments inside large-scale renewable power infrastructure. It has a worldwide attain and intends to diversify investments throughout applied sciences equivalent to contracted offshore wind, power storage, onshore wind and photo voltaic in low-risk OECD international locations in North America, Western Europe and Asia Pacific.

CI V is the most important challenge pipeline of any CIP fund up to now. At first shut, the fund has possession of greater than 40 renewable power infrastructure initiatives with a complete potential CI V dedication of roughly $22 billion, similar to greater than 150% of the goal fund dimension.

The massive seed portfolio gives important optionality and adaptability in challenge choice and portfolio building, in addition to funding execution robustness and visibility. In June, CI V took its first ultimate funding choice on an over 400 MW onshore wind challenge within the U.S., anticipated to start building within the coming months.

Based mostly on the present portfolio, CI V is concentrating on so as to add an estimated 20 GW of recent clear power capability to the grid, sufficient to energy greater than 10 million common households with renewable power.

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