Lombard Odier IM invests in CIP's Energy Transition Fund I

Source Intelligence

KEY DETAILS

CI Energy Transition Fund I (CI ETF I) has a target fund size of €2.25 billion. CIP has eight funds under management with total commitments of approximately €16 billion.

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Deal Size

Copenhagen Infrastructure Partners (CIP) reaches €800 million first close on its new fund, CI Energy Transition Fund I (CI ETF I), with a target fund size of €2.25 billion.

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Capacity

It will be a 1 GW electrolysis plant located on the west coast of Jutland and source power from North Sea offshore wind turbines to produce green ammonia, which is expected to be used as feedstock for CO 2 -free fertilizer for the agriculture business and as green fuel for the shipping industry.

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Location

The projects, which are located in Western Europe (Denmark, Sweden, Norway, Spain) and Australia, are expected to produce green hydrogen, green ammonia, and green methanol.

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Announcement

29 Jun 21 CIP’s Energy Transition Fund reaches first close

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Signing

The new fund reached a first close of €800 million on 28 June 2021

PARTIES MENTIONED IN SOURCE

C

Copenhagen Infrastructure Partners developer

"Copenhagen Infrastructure Partners (CIP) reaches €800 million first close on its new fund, CI Energy Transition Fund I (CI ETF I), with a target fund size of €2.25 billion."

P

PensionDanmark investor

"The new fund reached a first close of €800 million on 28 June 2021 with capital commitments from a group of leading institutional investors, endowments, and family offices from Denmark, Sweden, and Germany including the two Danish pension funds PensionDanmark and PFA."

P

PFA investor

"The new fund reached a first close of €800 million on 28 June 2021 with capital commitments from a group of leading institutional investors, endowments, and family offices from Denmark, Sweden, and Germany including the two Danish pension funds PensionDanmark and PFA."

V

Vestas investor

"Vestas and CIP have also committed to the fund."

P

Plesner advisor

"Law firms Plesner and Clifford Chance act as legal counsel, and KPMG Acor Tax as tax counsel."

C

Clifford Chance advisor

"Law firms Plesner and Clifford Chance act as legal counsel, and KPMG Acor Tax as tax counsel."

K

KPMG Acor Tax advisor

"Law firms Plesner and Clifford Chance act as legal counsel, and KPMG Acor Tax as tax counsel."