Copenhagen Infrastructure Partners (CIP) has reached \u20ac800m first close on its new CI Energy Transition Fund I (CI ETF I), which has a target size of \u20ac2.25bn.<\/p>\n\n\n\n
Capital commitments came from a group of leading institutional investors, endowments and family offices from Denmark, Sweden and Germany including the two Danish pension funds \u2013 PensionDanmark and PFA.<\/p>\n\n\n\n
Vestas and CIP have also committed to the fund.<\/p>\n\n\n\n
The fund will invest in next generation renewable energy infrastructure including industrial scale power-to-X (PtX) projects.<\/p>\n\n\n\n
It will primarily focus on greenfield projects in Western Europe, North America, Australia and developed Asian countries.<\/p>\n\n\n\n
Besides PtX the fund may invest in advanced biofuels, carbon capture and utilization\/storage (CCU\/S), and other infrastructure technologies, applications, and solutions to decarbonise industries and transportation.<\/p>\n\n\n\n
CIP said that prior to first close of CI ETF I it had secured the fund an attractive portfolio of industrial scale development stage PtX projects with diverse exposure to production technologies and offtake markets.<\/p>\n\n\n\n
The projects, which are located in Denmark, Sweden, Norway, Spain and Australia, are expected to produce green hydrogen, green ammonia, and green methanol.<\/p>\n\n\n\n
The Australian PtX project, Murchison, was announced in November 2020 and will, once operational, export green ammonia to countries such as Japan, South Korea, and Taiwan.<\/p>\n\n\n\n
The Danish project Host was announced in February this year and will be a 1GW electrolysis plant located on the west coast of Jutland and source power from North Sea offshore wind to produce green ammonia.<\/p>\n\n\n\n
The excess heat will be used to provide CO2 free heating for around 50,000 households in the town of Esbjerg.<\/p>\n\n\n\n
CIP managing partner Jakob Baruel Poulsen said: \u201cCI ETF I is a significant step in CIP\u2019s continued expansion as it broadens our offering to also include infrastructure funds targeted at decarbonizing the hard to abate sectors through CO2-free green fuels and feedstock.<\/p>\n\n\n\n
\u201cSolutions such as Power-to-X are key for countries and industries to take the next big leap within the decarbonization and reach the commitments of the Paris agreement.<\/p>\n\n\n\n
\u201cObtaining first close commitments of \u20ac800m from existing investors is an important proof of investor confidence in CIP\u2019s approach to energy infrastructure investments and a testament to the track record built with CIP\u2019s renewables focused funds.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Copenhagen Infrastructure Partners (CIP) has reached \u20ac800m first close on its new CI Energy Transition Fund I (CI ETF I), which has a target size of \u20ac2.25bn. Capital commitments came from a group of leading institutional investors, endowments and family offices from Denmark, Sweden and Germany including the two Danish pension funds \u2013 PensionDanmark and […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"CI ETF I target size is \u20ac2.25bn to invest in next-gen renewable energy including industrial scale power-to-X","footnotes":""},"categories":[5571],"tags":[5838,10744,15938,10743],"supplier":[18701],"class_list":["post-91940","post","type-post","status-publish","format-standard","hentry","category-co2-based","tag-bioeconomy","tag-carboncapture","tag-powertox","tag-useco2","supplier-cip-copenhagen-infrastructure-partners"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/91940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=91940"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/91940\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=91940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=91940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=91940"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=91940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}