Copenhagen Infrastructure Partners raises €3.5 billion for renewables

Danish investment firm, Copenhagen Infrastructure Partners (CIP) has raised around €3.5 billion in funds through its new fund, Copenhagen Infrastructure III (CI III).

The company, which initially expected to raise around €3 billion, said that commitments were made by 42 institutional investors from Australia, Asia, continental Europe, the U.K., and Israel, including pension companies, insurance companies, family offices, and asset or fund managers.

The funds will be invested in a large pipeline of energy infrastructure projects sourced and developed over recent years. “The portfolio amounts to around €3 billion in potential investment volume and provides diversification across offshore wind, onshore wind, solar PV, biomass/waste-to-energy, geothermal, and reserve capacity in North America, Northwestern Europe and Asia Pacific,” the company said in a statement.

Founded in 2012, CIP currently manages four funds and around €6.8 billion in assets. The company’s most important renewable energy investments include, among others, the 664 MW Beatrice offshore wind farm in Scotland, a 275 MW wind power plant portfolio, developed together with Italian renewable energy company, Falck Renewables in the U.K., an offshore wind farm of 402 MW located in the German part of the North Sea, and two biomass power plant with a capacity of around 40 MW each in the U.K.

CIP is controlled by five senior partners Jakob Baruël Poulsen, Christian Skakkebæk, Torsten Lodberg Smed, Rune Bro Róin and Christina Grumstrup Sørensen.