Copenhagen Infrastructure Partners

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

Copenhagen Infrastructure Partners
TypePrivate company
IndustryFinancial services
Founded2012 (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

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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