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					</table><p>Copenhagen Infrastructure Partners (<a href="https://www.cip.com/" target="_blank" rel="noopener">CIP</a>), a fund manager specializing in greenfield renewable energy investments, has reached the first close of its latest fund, raising nearly €6 billion (~$6.6 billion).</p>
<p>CIP said that with strong interest from additional investors currently in the process, the fund, CI V, is on track to achieve its target fund size of €12 billion (~$13.2 billion), which is expected to position it as the largest fund globally dedicated to greenfield renewable energy infrastructure investments.</p>
<p>A diverse group of leading institutional investors from across Europe, the Nordics, the UK, North America, and the Asia-Pacific region participated in the first close.</p>
<p>The fund will focus on greenfield investments in large-scale renewable energy infrastructure, targeting technologies such as contracted offshore wind, energy storage, onshore wind, and solar in low-risk OECD countries across North America, Western Europe, and the Asia-Pacific region.</p>
<p>Managing Partner at CIP, Jakob Baruël Poulsen, said, &#8220;Reaching nearly €6 billion (~$6.6 billion) at the first close is a testament to the importance of the fund and the confidence placed in our industrial approach to energy infrastructure investments.”</p>
<p>“With its greenfield focus and large and diversified portfolio, CI V has the potential to significantly contribute to and accelerate the energy transition on a global scale while generating strong returns for our investors,&#8221; he said.</p>
<p>The fund possesses ownership of over 40 renewable energy infrastructure projects. These projects have a total potential commitment of approximately €20 billion (~$22 billion), equivalent to more than 150% of the fund&#8217;s target size.</p>
<p>In June, CI V made its first final investment decision on a 400 MW onshore wind project in the United States.</p>
<p>CI V&#8217;s current portfolio aims to add an estimated 20 GW of new clean energy capacity to the grid, providing renewable energy to more than 10 million average households. This translates into an annual CO2 avoidance of 15 million metric tons, contributing significantly to global efforts in combating climate change.</p>
<p>Recently, Serbia-headquartered renewable energy developer CWP Global and CIP successfully concluded a strategic investment deal under which CIP  acquired a 26.67% stake in CWP’s development platform within the green hydrogen sector.</p>
<p>In March 2023, CIP, on behalf of its New Markets Fund I, <a href="https://www.mercomindia.com/copenhagen-viviid-develop-renewable-projects-india" target="_blank" rel="noopener">partnered</a> with Viviid Renewables to develop more than 1.8 GW of greenfield renewable energy projects in India.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gautamee-hazarika/" class="vcard author" rel="author"><span class="fn">Gautamee Hazarika</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
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<p><strong style="text-decoration: underline">Gautamee,</strong> Staff reporter at Mercom India<br />
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<a href="gautamee@mercomindia.com" target="_blank" rel="noopener">gautamee@mercomindia.com</a></p>
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Renewables Fund Manager Copenhagen Infrastructure Partners Raises $6.6 Billion


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					</table><p>Copenhagen Infrastructure Partners (<a href="https://cipartners.dk/" target="_blank" rel="noopener">CIP</a>), on behalf of its New Markets Fund I (CI NMF I), has entered into a partnership with <a href="https://www.viviidrenewables.com/" target="_blank" rel="noopener">Viviid Renewables</a> to develop more than 1.8 GW of greenfield renewable energy projects in India.</p>
<p>Initially, the partnership will concentrate on two onshore wind projects with a combined capacity of over 500 MW. These projects will be developed with the help of the CI NMF funds, and the partnership plans to construct them soon.</p>
<p>As part of the partnership, Viviid will provide projects from its development pipeline and take responsibility for critical development activities up to the final investment decision. It will offer design, engineering, procurement, and construction services.</p>
<p>CIP will oversee the sourcing offtake, procurement activities, and financing process while leveraging Viviid&#8217;s local experience.</p>
<p>&#8220;This is the second CI NMF I partnership in the Indian renewable energy market, reflecting India&#8217;s continuing importance as a key focus area for the fund. With this partnership, we are significantly strengthening our foothold in India and are delighted to partner with Viviid and look forward to working alongside their highly experienced team, combining our joint expertise to assist the green transition in the country,&#8221; said Peter Sjøntoft, Associate Partner in CIP.</p>
<p>CIP manages ten funds and has raised approximately €19 billion (~$21.3 billion) for investments in energy and associated infrastructure from more than 140 international institutional investors.</p>
<p>Viviid provides end-to-end development and balance of plant services for wind and solar projects across India.</p>
<p>Last October, CIP <a href="https://mercomindia.com/daily-news-wrap-jakson-develop-224-million-green-hydrogen-rajasthan/" target="_blank" rel="noopener">entered</a> into a partnership with Ørsted to develop around 5.2 GW of offshore wind in Denmark across four projects.</p>
<p>In February last year, CIP led a consortium of partners to <a href="https://mercomindia.com/daily-news-wrap-up-dalmia-cement-expands-captive-solar-project/" target="_blank" rel="noopener">build</a> a 500 MW green hydrogen project in Spain. The consortium consisting of CIP, Enagas, Naturgy Fertiberia, and Vestas, said the first phase of Project Catalina had reached an advanced stage of development. Catalina Phase 1 will comprise 1.7 GW of wind and solar energy facilities and a 500 MW electrolyzer. Construction is planned to start at the end of 2023.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/arjun-joshi/" class="vcard author" rel="author"><span class="fn">Arjun Joshi</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
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<p><strong style="text-decoration: underline">Arjun Joshi,</strong> Staff reporter at Mercom India<br />
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<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="86" height="102" /><a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener"><strong style="color: #00b451">Arjun Joshi</strong> </a>is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. <a href="https://mercomindia.com/author/arjun-joshi" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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Copenhagen Infrastructure, Viviid to Develop 1.8 GW of Renewable Projects in India

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