Copenhagen Infrastructure Partners (CIP) has announced that its fifth flagship fund, CI V, has successfully surpassed its €12 billion target at the final close. The fund, focused on large-scale greenfield energy infrastructure investments, has garnered significant investor interest, reflecting the growing demand for renewable energy solutions.
The final commitments to CI V, excluding capital raised for co-investments, total more than €12 billion. The fund is focused on supporting the global energy transition, with investments planned across various technologies, including wind, solar photovoltaic (PV), and battery storage. These projects will be situated in low-risk Organisation for Economic Co-operation and Development (OECD) countries across Europe, North America, and Asia Pacific.
CI V is estimated to contribute 30 gigawatts (GW) of new energy capacity to the global grid, which would be sufficient to power more than 10 million households. CIP’s managing partner, Jakob Baruël Poulsen, described reaching the €12 billion milestone as a “fantastic result,” noting that it reflects the company’s “proven industrial approach to energy infrastructure investments.”
“We are proud that several of the world’s largest and most sophisticated investors are committed to CIP,” Poulsen added. “I am delighted to once again have the support of our existing investors and welcome many new investors to our platform.”
The fund has already made six final investment decisions (FIDs), committing 60% of its total capital. CI V is currently overseeing more than 50 development-stage projects, with a potential investment volume of €24 billion. CIP expects to fully commit the fund’s capital within the next year.
Baruël Poulsen emphasized the favorable market conditions driving the energy transition, saying, “Massive structural tailwinds are pushing the energy transition forward. Surging electricity demand, fueled by economic growth, widespread electrification, and digitalisation, requires an unprecedented amount of new energy infrastructure capacity to be built.”
He further explained that the fundamentals for renewable energy remain strong as “industrial competitiveness, productivity, and energy resilience are at the centre of political and industrial agendas globally.” Poulsen concluded, “By combining our industrial and financial expertise, CIP is uniquely positioned to deliver some of the largest, most critical, and complex energy projects globally – supporting countries in securing cost-competitive, reliable, and clean power, while creating value for our investors at the same time.
