KUALA LUMPUR, March 14 (Bernama) -- Copenhagen Infrastructure Partners (CIP) announced that its fifth flagship fund, CI V, has surpassed its target size of 12 billion euros at final close, reflecting strong investor interest in large-scale greenfield energy infrastructure investments. (1 Euro = RM4.80)
In a statement, CIP said the fundraising for CI V is nearing completion, with total commitments exceeding the target, excluding capital raised for co-investments.
CIP Managing Partner, Jakob Baruël Poulsen expressed pride in the achievement, highlighting the backing of some of the world’s largest and most sophisticated investors.
Poulsen pointed out that the energy transition is gaining momentum due to structural forces like growing electricity demand and digitalisation.
He highlighted that renewables remain at the forefront of global industrial and political agendas, positioning CIP to deliver large, critical energy projects that provide cost-competitive, reliable, and clean power while generating value for investors.
The CI V fund focuses on energy transition investments across various technologies, including wind, solar photovoltaic (PV), and battery storage, in low-risk OECD countries such as those in Europe, North America, and Asia Pacific. The fund has already made six final investment decisions (FIDs), committing 60 per cent of the fund, ensuring rapid deployment of funds and early-stage value creation.
Currently, CI V holds more than 50 development-stage projects with a potential investment volume of 24 billion euros and is expected to be fully committed within a year. The fund aims to add 30 gigawatts (GW) of new energy capacity to the global grid, enough to power over 10 million households.
The firm highlighted the increasing need for new power generation to meet the rising demand driven by digitalisation, artificial intelligence, data centres, and the electrification of transportation and heating.
Renewables, particularly solar and onshore wind, are becoming the most cost-effective and scalable energy sources, crucial for improving energy security and economic competitiveness.
-- BERNAMA
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