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The investment aligns with the management mandate provided by Norways Ministry of Finance in 2019.
Norway’s Norges Bank Investment Management has committed an investment of €900m ($1.004bn) in Copenhagen Infrastructure Partners’ renewable energy fund, CI V.
The fund will focus on renewable energy projects across multiple regions, including wind and solar.
The investment aligns with the management mandate provided by the Ministry of Finance in 2019, which supports both direct and indirect investments in unlisted renewable energy infrastructure.
The partnership will involve Copenhagen and Elgin’s retained management collectively investing £250m into the solar developer, supporting Elgin in its transition to becoming an independent power producer (IPP).
CIP and CI V will channel investments into renewable energy sources. It will invest in offshore and onshore wind farms, solar farms, as well as projects related to the grid, distribution, and energy storage.
The investment strategy for the CI V fund is geographically diverse, with the allocated funds to be evenly distributed across North America, Western Europe and selected developed countries within the Asia Pacific (APAC) region. |
