Copenhagen Infrastructure Partners (CIP) has launched what is set to be the world’s largest fund focused on greenfield renewable-energy investments in high growth, middle-income markets, the firm announced during the COP 28 conference in Dubai.
Growth Markets Fund II (GMF II ) has a target size of $3 billion and is expected to deliver renewable-energy infrastructure projects reflecting more than $10 billion of capital investment. This will enable more than 10 gigawatts of new renewable-energy capacity.
GMF II has ownership of a diversified portfolio of attractive development-stage projects consisting of offshore and onshore wind, solar PV, energy storage and power-to-X, representing more than $5 billion in potential commitments. GMF II is focused on select high-growth middle-income markets across Asia, Latin America and EMEA. In particular, CIP said the fund is targeting 15 selected high-growth middle-income markets across Asia, Latin America and EMEA, such as India,