The NZ$58 billion ($40 billion) New Zealand Super Fund has committed up to NZ$208 million ($144 million) to Copenhagen Infrastructure Partners’ (CIP) Energy Transition Fund.
With a fundraising target of €2.25 billion ($2.6 billion), the fund will develop industrial-scale sustainable energy infrastructure, known broadly as Power-to-X (power-to-hydrogen, power-to-ammonia and power-to-methanol) and is focused predominantly on projects covering renewable generation, electrolyzer and ammonia infrastructure, storage and other energy transition infrastructure. Investments will be focused on OECD markets in Western Europe, North America and Asia Pacific.
The fund currently has five greenfield projects located in Denmark, Sweden, Spain, Norway and Australia, and an advanced pipeline of seven additional projects.
“We’re pleased with our investment into CIP’s new fund. It has a strong track record of identifying infrastructure opportunities in the clean energy re