CIP Launches €7 Billion Green Energy Fund ‘CI IV’
The World's Largest Single-Scale Green Energy Fund Completed in One Year
Active Expansion of Domestic Offshore Wind Power Project Investments
[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] CIP (Copenhagen Infrastructure Partners), the world's largest green energy investment management company, recently announced on the 3rd that its global green energy fund, 'Copenhagen Infra IV' (hereinafter CI IV), has completed fundraising at 7 billion euros (approximately 9.4 trillion KRW), exceeding its target of 5.5 billion euros within one year.
The CI IV fund is the largest single green energy fund in the world, with about 100 major investors including pension funds and life insurance companies from Europe, North America, Asia, and Australia participating.
The CI IV fund plans to invest in various green energy sectors such as offshore wind power, solar power generation, and waste-to-energy in OECD countries with investment-grade ratings. It will be managed based on investment principles including securing stable cash flow through long-term contracts, a stable investment structure minimizing energy price volatility risk, and prudent use of leverage.
Jakob Barul Poulsen, Chairman of CIP, stated, “We are very pleased to have existing and new investors join the CI IV fund,” and added, “We expect to create continuous value for investors, project partners, and local communities through active global green energy project investments.”
With this, CIP now holds a green energy portfolio worth approximately 15 billion euros (about 20 trillion KRW) across a total of seven green energy funds including CI IV. Through its investment portfolio, it expects to reduce about 11 million tons of carbon dioxide (CO2) annually and continuously supply electricity to approximately 6 million households.
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In Korea, CIP established a local corporation in 2018 and set up a business organization. It is actively developing offshore wind power projects of several gigawatts scale in regions such as Jeonnam and Ulsan with leading domestic partners. The funds raised through the CI IV fund will be invested in these projects.
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