Energy infrastructure investment manager Copenhagen Infrastructure Partners (CIP) announced that it has raised EUR3bn for CI Energy Transition Fund I, its new fund aimed at investing in next generation renewable energy infrastructure, with a particular focus on decarbonizing hard to abate industries. The fund surpassed its prior EUR2.25bn target size and closed at its EUR3bn hard cap. Roughly half of the commitments were from new investors to CIP. According to CIP, the new fund enables institutional investors to participate in the decarbonization of hard to abate industries, such as agriculture, aviation, shipping, chemical manufacturing, and steel production through the use of green fuels and feedstock and CO2-free fertilizers and supports the integration of renewable power generation in the energy mix, through grid balancing.

Source: ESG Today