CIP’s New Markets Fund I for renewable energy infrastructure reaches US$700m in first close

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Copenhagen Infrastructure Partners (CIP) has established a new fund, Copenhagen Infrastructure New Markets Fund I K/S (CI NMF I), which will invest in renewable energy infrastructure targeting fast-growing major new economies primarily in Asia and Latin America.

The new fund reached the first close of US$700m on May 9, 2019, with commitments from cornerstone investors PensionDanmark (PD), Arbejdsmarkedets Tillægspension (ATP), Kommunal Landspensjonskasse (KLP), and Lægernes Pension. The fund is expected to achieve its final close with total commitments of approximately US$1 billion within the next nine months.

The New Markets Fund I will target greenfield renewable energy infrastructure projects in the fast-growing economies in primarily Asia and Latin America as well as certain countries in Eastern Europe and Africa with scale, growth, and liquidity. CI NMF I will apply the same value creation and de-risking approach as CIP’s existing OECD-focused funds and invest in offshore and onshore wind, solar PV, biomass and waste-to-energy and transmission grid systems among others.

With the addition on CI NMF I, CIP has five funds under management with total commitments of EUR ~7.5bn. The existing funds CI I, CI A, CI II, and CI III focus on Western Europe and North America. The New Markets Fund focuses on fast-growing major economies, primarily in Asia and Latin America.

List of the country updates

Country updates

  • May 27, 2019

    Centrica awarded contract to support 197 MW Guleslettene wind park in Norway

    Alcoa Corporation has awarded Centrica a two-year contract for commercial services in support for a wind power purchase agreement (PPA) deals in Norway.  The works involved includes the delivery...

    Read more
  • May 21, 2019

    CapMan Infra, CBRE invests in Norwegian ferry and express boat operator Norled

    A consortium of CapMan Infra and CBRE Caledon Capital Management have entered into an agreement to acquire Norled, a leading ferry and express boat service provider with operations across Norway. The...

    Read more
  • May 17, 2019

    Norsk Vind Energi AS plans 1,500 MW wind farm in Norway

    Norsk Vind Energi AS (NVE) has submitted plans to the Norwegian Water Resources and Energy Directorate for the development of the Hordavind wind farm in Nordhordland. The size of the project is 1...

    Read more
  • May 10, 2019

    Danish Energy Agency approves Noreco’s acquisition of Shell’s Danish upstream assets

    Norwegian Energy Company ASA (Noreco) has announced that Danish Energy Agency has granted its approval for Noreco’s acquisition of Shell’s Danish upstream assets from Royal Dutch Shel...

    Read more
  • May 10, 2019

    Vestas to equip five turbines in 21 MW wind project in Norway

    Falck Renewables S.p.A., through its Norwegian subsidiary Falck Renewables Vind A.S., has awarded to Vestas Norway A.S. a supply contract for the purchase of 5 wind turbines V117-4.2 MW for its Okla w...

    Read more

Share this update