A year after opening to investors, Copenhagen Infrastructure Partners (CIP) has completed the final close on its global greenfield renewables energy fund, Copenhagen Infrastructure IV (CI IV). The fund closed at its hard cap of €7 billion ($8.4 billion), surpassing its target size of €5.5 billion ($6.6 billion).
CI IV is the largest dedicated greenfield renewable energy fund globally and is expected to invest in greenfield investments within core energy infrastructure projects. The fund has a global reach and will diversify investments across technologies such as offshore wind, onshore wind, solar PV, transmission, storage, and waste-to-energy in low risk OECD countries in Western Europe, North America, developed Asia and Australia.
The fund was backed by investors across the Nordics, Europe, North America, Asia, and Australia — representing a 50/50 split between existing investors and new investors. The fund’s investor base consisted of 100 institutional inves
