Copenhagen Infrastructure Partners’ fifth flagship fund exceeds target of EUR 12 billion

Copenhagen Infrastructure Partners (CIP) announced that its fifth flagship fund, CI V, surpasses its target size of EUR 12 billion (US$ 13 billion) at the final close.

The fund aims to invest in the energy transition across a range of technologies, from wind and solar PV to battery storage, across low-risk OECD countries in Europe, North America and Asia Pacific. CI V has exceeded all expectations so far and has already made six final investment decisions (FIDs) committing 60% of the fund, ensuring fast deployment of capital and significant value creation early in the fund lifetime. With ownership of more than 50 development-stage projects with a potential CI V investment volume of EUR 24 billion (US$ 26 million), the fund is on track to be committed within the next year. CI V is estimated to add 30 GW of new energy capacity to the global grid, which is enough to power more than 10 million average households.