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Home › Investment & Trading ›CIP Finalises its First Close on CI V at EUR 6 Billion to Become World’s Largest Renewable Energy Fund

CIP Finalises its First Close on CI V at EUR 6 Billion to Become World’s Largest Renewable Energy Fund

A huge group of leading institutional investors throughout continental Europe, the Nordics, the UK, North America, and the Asia-Pacific region participated in the first close of CI V.

July 12, 2023. By EI News Network

Copenhagen Infrastructure Partners (CIP) finalised the first close on its fifth flagship fund Copenhagen Infrastructure V (CI V) at EUR 5.6 billion in capital commitments on its way to reaching its target fund size of EUR 12 billion and becoming the world’s largest dedicated greenfield renewable energy fund.

A huge group of leading institutional investors throughout continental Europe, the Nordics, the UK, North America, and the Asia-Pacific region participated in the first close of CI V.

Jakob Baruël Poulsen, Managing Partner at CIP, stated, “We’re delighted by the continued trust in CIP from our existing investors, and are pleased to welcome the many new investors to our renewable energy platform. Reaching nearly EUR 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. 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 investment strategy is a running of the predecessor flagship funds CI I, CI II, CI III, and CI IV, applying the same well-tested industrial value-creation approach, whereby projects are forayed early and importantly de-risked and optimised, prior to the start of construction to harness the greenfield premium.

CI V is in the beginning with the largest project pipeline of any CIP fund to date. At first close, the Fund has ownership of more than 40 renewable energy infrastructure projects with an overall potential CI V commitment of approximately EUR 20 billion, corresponding to over 150 percent of the target fund size.

The large seed portfolio provides significant optionality and flexibility in project selection and portfolio construction, as well as investment execution robustness and visibility. In June, CI V took its first final investment decision on a +400MW onshore wind project in the US, anticipated to begin construction in the coming months.

CI V is aiming to expand an estimated 20 GW of new clean energy capacity to the grid, sufficient to power over 10 million average households with renewable energy, which corresponds to an annual CO2 offset of 15 million metric tons.

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Investment & Trading

Copenhagen Infrastructure Partners

Fifth flagship fund

Copenhagen Infrastructure V

Greenfield renewable energy fund

Europe, Nordics, UK, North America and Asia-Pacifi

Reduce CO2 Emissions

Energy infrastructure investments

Energy transition

Clean Energy

Renewable energy capacity