Copenhagen Infrastructure Partners

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Copenhagen Infrastructure Partners
TypePrivate company
IndustryFinancial services
Founded2012; 10 years ago (2012)
HeadquartersCopenhagen, Denmark
Area served
Worldwide
Key people
Jakob Baruël Poulsen, Christian T. Skakkebæk, Torsten Lodberg Smed, and Christina Grumstrup Sørensen
ProductsInvestment funds
Number of employees
250+
Websitehttps://cipartners.dk

Copenhagen Infrastructure Partners P/S ("CIP") is an investment firm specializing in infrastructure investments, particularly wind power.[1][2]

History[]

CIP was established in 2012 by senior executives from the Danish energy industry in a joint initiative with founding investor, PensionDanmark, the largest labor market pension company in Denmark and one of the first direct institutional investors in offshore wind projects globally.[3]

In 2018 CIP opened an office in New York City.[4]

CIP has invested billions of euros in Taiwan’s offshore wind sector.[5]

In 2019 they launched a USD 1,000m fund focused on fast-growing new economies in Asia and Latin America.[6] In 2019 CIP made a major investment in onshore wind power in the American state of Texas.[7] CIP made a significant equity investment in the billion dollar[8] Gordon Butte Pumped Storage Project outside Martinsdale, Montana.[9] In January 2022, CIP became part of the many ScotWind lease holders for large scale floating wind turbines in Scotland.[10]

Investment Funds[]

  • Copenhagen Infrastructure I K/S - established in 2012 with a total commitment of EUR ~1bn by PensionDanmark
  • Copenhagen Infrastructure II K/S - established in 2014 with a total commitment of EUR 2bn by 19 Danish and international institutional investors
  • Copenhagen Infrastructure III K/S - established in 2018 with a total commitment of EUR 3.5bn (hard cap) exceeding the EUR 3bn target fund size
  • Copenhagen Infrastructure IV K/S - established in 2020 with a total commitment of EUR 7bn (hard cap) exceeding the EUR 5.5bn target fund size
  • Copenhagen Infrastructure New Markets Fund I K/S - established in November 2019 with a total commitment of USD 1.0bn exceeding the target fund size
  • Copenhagen Infrastructure Energy Transition Fund I K/S - established in June 2021 reaching first close with EUR 800m in commitments. The fund is expected to reach financial close within 9 months from first close.
  • CI Artemis K/S - established in 2014 with a total commitment of EUR 392m
  • CI Artemis II K/S - established in 2020 with a total commitment of approximately EUR 300m

CIP aims for EUR 100bn in renewable energy investments by 2030.[11]

Investors[]

PensionDanmark (a Danish pension fund) is a major investor.[12]

Investments[]

References[]

  1. ^ Reed, Stanley. "Can a Leader in Offshore Wind Power Succeed in the United States?". www.nytimes.com. Retrieved 10 July 2019.
  2. ^ "Company Overview of Copenhagen Infrastructure Partners P/S". www.bloomberg.com. Bloomberg. Retrieved 10 July 2019.
  3. ^ "Copenhagen Infrastructure Partners". www.cipartners.dk. Copenhagen Infrastructure Partners. Retrieved 16 December 2021.
  4. ^ "CIP Opens New York Office". www.offshorewind.biz. Offshore Wind. Retrieved 2 August 2019.
  5. ^ Ferry, Timothy. "Financing Offshore Wind Power". topics.amcham.com.tw. Topics. Retrieved 12 May 2020.
  6. ^ Shrestha, Priyanka. "Copenhagen Infrastructure Partners secures $1,000m for renewable energy fund". www.energylivenews.com. Energy Live News. Retrieved 10 July 2019.
  7. ^ Froese, Michelle. "Copenhagen Infrastructure Partners invests in Texas wind power". www.windpowerengineering.com. Wind Power Engineering. Retrieved 2 August 2019.
  8. ^ "$1B Montana pumped storage hydro project secures funding". www.utilitydive.com. Utility Dive. Retrieved 8 August 2019.
  9. ^ Driscol, William. "Enormous Montana pumped hydro project gets Danish investment". pv-magazine-usa.com. PV Magazine. Retrieved 8 August 2019.
  10. ^ "11 floating offshore wind projects offered agreements in ScotWind leasing process". Riviera. Retrieved 17 January 2022.
  11. ^ "Copenhagen Infrastructure Partners". www.cipartners.dk. Copenhagen Infrastructure Partners. Retrieved 16 December 2021.
  12. ^ "Copenhagen Infrastructure Partners". www.pensiondanmark.com. Pension Denmark. Retrieved 2 August 2019.
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