KUALA LUMPUR, Sept 2 (Bernama) -- Copenhagen Infrastructure Partners (CIP) has reached final close on its new fund, CI Energy Transition Fund I (CI ETF I).
According to a statement, the fund was oversubscribed and closed at the hard cap of EUR 3 billion, making CI ETF I the largest dedicated clean hydrogen fund globally. (EUR1 = RM4.464)
The fund achieved commitments from investors across the Nordics (~25 per cent of commitments), Europe (~45 per cent), Asia-Pacific (~20 per cent) and North America (~10 per cent) with approximately a 50/50 split between existing investors in CIP funds and new investors.
The fund’s investor base comprises approximately 65 institutional investors, primarily pension funds, life insurance companies, sovereign wealth funds, asset managers, and family offices.
“We are very pleased to welcome a prominent group of existing and new institutional investors to CI ETF I and are delighted that investors share our confidence in and appetite for clean energy infrastructure projects and invest along side CIP in the next phase of the energy transition.
“As an industry pioneer and one of the global market leaders in greenfield renewable infrastructure investments, CIP is uniquely positioned to invest in this segment,” said Managing Partner in CIP, Jakob Baruël Poulsen.
CI ETF I will invest in next generation renewable energy infrastructure including industrial scale Power-to-X (PtX) projects and enables institutional investors to participate in the decarbonisation of the so-called hard to abate industries and support the further integration of renewable power generation in the energy mix through grid balancing.
More details at www.cip.dk.
-- BERNAMA
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