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CIP launches $3 bln for emerging market greenfield renewables fund

Monday, December 4 2023

Renewable Energy – Fund CIP

Danish investment firm Copenhagen Infrastructure Partners is looking to raise $3 billion for a new fund focused on building renewable energy projects from scratch in emerging and middle-income countries, the heads of the fund told Reuters.

The 14-year Growth Markets Fund II it has just launched will target wind and solar power and niche investments such as battery storage and projects that turn electricity into carbon-neutral synthetic fuels, so-called ‘power-to-X’.

According to data firm Preqin, only one emerging markets greenfield renewables fund has raised more than Copenhagen wants to amass, although the 2014 $3.26 billion Guangzhou City Development Industry Fund is focused on China.

Getting more money to developing economies to help them transition to a low-carbon future is a central aim of the COP28 climate talks in Dubai, but most climate-focused funds have targeted safer, more reliable returns in developed countries.

Related posts:

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  2. Partnership to take Norwegian offshore wind to next level
  3. Shell joins VindØ consortium to build Denmark’s first energy island
  4. CIP reaches first close on CI V at nearly EUR 6 billion

Filed Under: CIP, funding, International News Tagged With: CIP, COP28, fund raising

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