Norges Bank Investment Management commits €900M to Copenhagen Infrastructure Partners' CI V fund for renewable energy projects
EUR900M
Deal Value
Norges Bank Investment Management committed €900M to Copenhagen Infrastructure Partners' CI V fund, targeting large-scale renewable energy projects globally. The investment supports CIP's development of greenfield.
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Norges Bank Investment Management has committed €900M to Copenhagen Infrastructure Partners' CI V fund, providing significant capital for the development of large-scale greenfield renewable energy projects globally. This substantial investment allows Copenhagen Infrastructure Partners (CIP), a global leader in energy infrastructure, to accelerate its pipeline of complex hybrid technology projects across multiple locations. For Norges Bank, managing Norway's NOK 15+ trillion Government Pension Fund Global, this commitment represents a strategic deployment into unlisted real assets, aligning with its mandate for long-term, diversified returns. The fund structure indicates Norges Bank's confidence in CIP's specialized expertise in developing and constructing new energy infrastructure. This €900M allocation directly enhances CIP's capacity to bring new large-scale offshore and onshore wind projects to fruition.
Norges Bank Investment Management, overseeing Norway's NOK 15+ trillion sovereign wealth fund, continues to diversify its global portfolio with this €900M allocation into renewable infrastructure. This commitment directly supports Copenhagen Infrastructure Partners (CIP), a global fund manager with over €28 billion in AUM, in its core strategy of investing in large-scale renewable energy infrastructure. CIP specializes in developing and constructing complex projects, including offshore wind and onshore wind, which aligns precisely with the CI V fund's global greenfield development focus. The investment enables CIP to expand its development of greenfield projects across multiple geographies, leveraging its established expertise in large-scale renewable energy. For Norges Bank, this €900M allocation provides access to a specialized asset class managed by a proven infrastructure developer, enhancing its unlisted real estate holdings.
- Norges Bank Investment Management committed €900M.
- Copenhagen Infrastructure Partners manages over €28 billion in AUM.
- Norges Bank manages Norway's NOK 15+ trillion Government Pension Fund Global.
- The investment targets large-scale renewable energy projects globally.
- The deal was announced on 2024-08-23.
- CIP specializes in offshore and onshore wind projects.
Timeline
Announced
Aug 23, 2024
Signed
Closed
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