Copenhagen Infrastructure Partners

Copenhagen Infrastructure Partners, through its fund Copenhagen Infrastructure V, announced Yesterday that its Fengmiao I Offshore Wind Farm has officially signed a corporate power purchase agreement with United Microelectronics Corporation (UMC).   “The decision of a global semiconductor leader like UMC to partner with Fengmiao I underscores the market’s high confidence in CIP’s technical and financial capability to deliver offshore wind projects,” said Thomas Wibe Poulsen, APAC Regional Partner for CIP’s Flagship Funds and Chairman of Fengmiao Offshore Wind Farm.   Read more about the Flagship Funds and CIP here: https://www.cip.com/

Copenhagen Infrastructure Partners, through its Energy Transition Fund I, announced today that it has entered a power purchase agreement with Google in the Netherlands. Under the agreement, Google will purchase 250 MW wind power generated at the Zeevonk project to power its Dutch operations for 15 years.  “We are very pleased to enter this partnership with Google and support their decarbonisation goals through this long-term renewable energy purchase agreement. It represents an important milestone for CIP and underlines the many opportunities in the combination of offshore wind, power-to-x and the increasing demand for renewable power by data centres, “said Felix Pahl, partner at Copenhagen Infrastructure Partners. Read more about the Energy Transition Fund and CIP here: https://www.cip.com/

Copenhagen Infrastructure Partners, through its Energy Transition Fund, has acquired a majority stake in Toqlukuti’k Wind & Hydrogen, a large-scale onshore wind and hydrogen project in Newfoundland & Labrador, Canada, from Germany-based renewable energy developer ABO Energy. Toqlukuti’k is expected to produce competitive green hydrogen and ammonia, driven by exceptional wind resources, existing infrastructure, and federal and provincial support making Newfoundland, Canada an attractive investment destination well positioned to serve future European green energy demand. Karlis Povisils, Partner in Copenhagen Infrastructure Partners, commented: “We are delighted to partner with ABO Energy once again to support and contribute to Canada’s journey towards a carbon neutralfuture. With the wind speeds present in Atlantic Canada, we see that Toqlukuti’k has the potential to produce green hydrogen and ammonia at globally competitive prices.” Read more about our Energy Transition Fund here: https://lnkd.in/dzydA2F7

This week, Copenhagen Infrastructure Partners, Copenhagen Infrastructure Service Co., and Copenhagen Offshore Partners had the pleasure of welcoming a press delegation from Italy, consisting of Italian journalists and media partners, to our headquarters in Copenhagen. The delegation gained insights into our projects in the Italian Floating Offshore Wind market, Offshore Wind and Energy Islands, as well as investment opportunities for Italian institutional investors in CIP funds. We provided insights on how local investors can support the Italian economy and offered an overview of the main areas where governments should invest to enable the energy transition. Thank you for good discussions on the possibilities of Offshore Wind in Italy and to the Ministry of Foreign Affairs and the Danish Embassy in Italy. Martin Neubert, Rasmus Miller, Gabriel Mejía, Einar Jensen, Niklas Rasch-Hegelund, CFA, Stig Pastwa, Rino Festi, Sara Gandolfi, Sabrina Bellomo, Marta Bonucci

The Energy Island Forum, a partnership uniting key stakeholders engaged in offshore energy hubs, has presented its roadmap in the European Parliament, outlining the critical steps to realize Europe’s first offshore hubs by 2030 and laying the groundwork to boost long-term innovation and industrial competitiveness. The initiative details a plan to create the first island by 2030 and further advance the technology to make Offshore Energy Hubs cost-effective and impactful. “The new roadmap for Europe’s energy offshore hubs is a positive step in the right direction as it shows firm industrial ambition behind the energy system of the future. The development of energy hubs is pivotal in reaching the EU’s decarbonization goals for 2050, and Copenhagen Energy Islands is a frontrunner in this development,” Samuel Magid, Deputy-CEO, Copenhagen Energy Islands at Copenhagen Infrastructure Partners. To read more about Copenhagen Energy Islands, visit https://lnkd.in/dTpmyiAT To read more about the roadmap, visit https://lnkd.in/daKcXa2T

Folksam has announced an investment commitment of 3 billion SEK in Copenhagen Infrastructure Growth Markets Fund II: https://lnkd.in/dEmeZY3v “We are grateful that Folksam has decided to expand their partnership with CIP and committed to our Growth Markets Fund II. Deployment of large-scale renewable energy projects is particularly important in high-growth, middle-income countries where the energy demand is high and low-cost renewable technologies will make a big difference,” says Christina Grumstrup Soerensen, Senior Partner at CIP. “Growth Markets Fund II is expected to add 10GW of state-of-the-art clean energy to the grid, avoid over 10 million tonnes of CO2 annually while fostering both local investment, and job creation as well as delivering attractive risk-adjusted returns to our investors.” Read more about our Growth Markets Fund II here: https://lnkd.in/dgsBPb4N

HØST PtX Esbjerg has secured environmental approvals from the Danish Government. 

Copenhagen Infrastructure Partners, through its Flagship Fund Copenhagen Infrastructure V (CI V), announced today that its Fengmiao I Offshore Wind Farm (Fengmiao I) has officially signed a Corporate Power Purchase Agreement (CPPA) with Sino American Silicon Products Inc. (SAS) and its renewable energy subsidiary Sustainable Energy Solution (SES). Fengmiao I represents a significant milestone in the industry's shift from selling electricity to Taipower to a business model that is entirely based on direct sales of electricity to corporations. The project is located 35 km off the coast of Taichung City and plans to install 33 wind turbines with a total capacity of 500 MW. Completion is expected by the end of 2027 and will secure a stable supply of green power to Taiwanese companies. In the picture from left to right: Pederson Chen, General Manager of SAS, Doris Hsu, Chairman of SAS & SES, Joris Hol, Fengmiao 1 Project CEO, Naiwen Marina Hsu, Regional Managing Director at Copenhagen Infrastructure Service Co..

CIP’s Energy Transition Fund signs MoUs with leading shipping companies to develop ammonia-fueled carriers.   As a leading developer of clean ammonia, Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (ETF), aims to provide end-to-end solutions for the safe delivery of clean ammonia to shipping companies.   ETF has signed a Memorandum of Understanding (MoU) with BW Epic Kosan to develop handy-sized ammonia carriers. These carriers will be equipped with dual-fuel ammonia engines and bunkering capabilities. Additionally, another MoU has been signed with Færder Tankers Norway to develop a 50,000 cbm ammonia carrier.   Niels H Lindegaard, advisor to the ETF Sustainable Marine Fuels teams, said: “Our objective is to facilitate the green transportation of clean ammonia by utilizing the cargo as fuel. Partnering with innovative shipping companies like BW Epic Kosan and Færder Tankers is crucial to achieving this goal and leading in the field of clean ammonia.”   Read more about the MoUs at https://lnkd.in/grNrp7Ze

Copenhagen Infrastructure Partners joined COP29 Azerbaijan to meet stakeholders across politics, industry, and finance to discuss the global energy landscape and the collective efforts in finding solutions to the global climate crisis. The COP29 final agreement undoubtedly leaves room for improvement. But the underlying trajectory is clear: the transition to renewables is inevitable. The annual COP meetings are an opportunity to engage with political leaders, industry experts, investors, and other key stakeholders to align on shared goals and set the stage for actionable climate solutions. Collaboration, innovation, ambition, and boldness is key if we want to solve the global climate crisis and be able to supply reliable, affordable, and green power to consumers and industry. The good news: According to the IEA, the world now invests almost twice as much in clean energy as it does in fossil fuels. The business case for renewables is only growing stronger. But emerging markets and developing economies only account for 15% of global clean energy spending. Clean energy investment in emerging and developing economies outside China needs to rise more than sixfold in next 10 years to stay on track for global net zero. CIP has already deployed USD 1bn in large-scale renewable energy infrastructure in countries like India and South Africa through its Growth Markets Fund I and plans to invest another USD 3bn over the coming years in high growth middle income markets, through its Growth Markets Fund II, which was launched at COP28 last year. To meet the future energy demand, we must deliver on the 3XRE (Tripling of Renewables by 2030) and take a holistic approach to the renewable energy mix and promote integrated energy systems to get to scale and ensure affordable and reliable energy supply now and in the future. To achieve this, we need an energy market reform that enables effective permitting and offtake opportunities, physical enablers such as grid and transmission build-out, and financing enablers such as public investments in grids and public private partnerships. Michael Hannibal, partner at CIP, says: “Being back at COP29, it was positive to experience the broad recognition of delivering on the Triple Up, Double Down, pledge. While challenges persist, I am encouraged by the progress made on several of the critical enablers, including grid build-out, and the strong common drive among policymakers, business, and capital providers to find the necessary solutions to financing the transformation of the global energy system to be clean, green, and fair.”