A big group of institutional traders throughout continental Europe, the Nordics, the United Kingdom, 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 Partners (CIP).
Backed by further traders, the fund is on monitor to achieve its goal dimension of $13 billion and is about to turn into the most important fund globally devoted to greenfield renewable energy infrastructure investments.
“Reaching nearly $6 billion at first close is a testament to the importance of the fund, and the confidence placed in our industrial approach to energy infrastructure investments,” says Jakob Baruel Poulsen, managing associate at CIP. “With its greenfield focus and large and diversified portfolio, CI V has the potential to significantly contribute to and accelerate the energy transition on a global scale, while generating strong returns for our investors.”
The fund will concentrate on greenfield investments inside large-scale renewable energy infrastructure. It has a world attain and intends to diversify investments throughout applied sciences reminiscent of contracted offshore wind, energy storage, onshore wind and solar in low-risk OECD international locations in North America, Western Europe and Asia Pacific.
CI V is the most important mission pipeline of any CIP fund so far. At first shut, the fund has possession of greater than 40 renewable energy infrastructure initiatives with a complete potential CI V dedication of roughly $22 billion, comparable to greater than 150% of the goal fund dimension.
The massive seed portfolio gives vital optionality and adaptability in mission choice and portfolio building, in addition to funding execution robustness and visibility. In June, CI V took its first ultimate funding determination on an over 400 MW onshore wind mission within the U.S., anticipated to start building within the coming months.
Based on the present portfolio, CI V is concentrating on so as to add an estimated 20 GW of recent clear energy capability to the grid, sufficient to power greater than 10 million common households with renewable energy.
