‘World’s largest green energy fund’ sets sights on US$16bn investment pot

Facebook
Twitter
LinkedIn
Reddit
Email
Image: Getty.

Copenhagen Infrastructure Partners (CIP) is now fundraising for what it says is the “world’s largest green energy fund”, a scheme meant to pour billions into renewables across developed economies.

On Tuesday, the Danish fund manager said it is gathering commitments for a vehicle – Copenhagen Infrastructure IV (CI IV) – targeting global plays in contracted offshore wind, onshore wind, solar PV, transmission infrastructure, storage, waste-to-energy and biomass.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

As of 15 June 2020, the fourth fund of the CI series has already raised €1.5 billion (US$1.7 billion) from a pool of institutional investors, including pension plans from Denmark (PensionDanmark and AP Pension) and Norway (KLP).

Fundraising for CI IV will now continue towards a €5-7 billion goalpost (US$5.6-7.9 billion), with talks ongoing with potential contributors in Europe, America, Asia, Australia and Israel. Together with CIP’s own commitments, the fund's final pot could reach €10-14 billion (US$11-15.8 billion).

Approached by PV Tech, CIP had not spelled out by the time this article was published – how much of the €10-14 billion total might be earmarked for solar projects. In its prepared statement, the Danish group explained CI IV will generally focus on greenfield renewable developments.

The green energy fund will target what CIP described as “low risk” OECD states in Western Europe, North America, Australia and developed Asian countries. Together with earlier funds, CI IV will sponsor enough renewables to power 5-6 million homes worldwide, according to the firm.

‘Favourable’ timing to launch largest green energy fund

CIP’s pledge to devote €10-14 billion to the global energy transition emerges as the renewables industry contends with disruption from COVID-19.  

The sector, gearing up pre-pandemic for a strong 2020, has had to grapple instead with a reality of supply chain bottlenecks, construction freezes and financing setbacks. The current talk is of a short-term hit from the wider economic recession, followed by a rebound in late 2020 and beyond.

According to CIP managing partner Jakob Baruël Poulsen, the present timing is “favourable” for funds targeting greenfield renewables. He underscored the “significant visibility” of CI IV’s current investment pipeline, as well as its “high degree of execution certainty”.

Bo Normann Rasmussen, CEO of AP Pension, hailed the pension fund’s chance to contribute €335 million (US$379 million) towards CI IV. “We are proud to be part of the world’s largest renewable energy infrastructure fund,” he remarked.

The ramping up of private capital for renewables comes as bodies including the UN and the International Energy Agency (IEA) urge governments to follow suit, amid calls to support green energy even as the COVID-19 emergency squeezes public budgets.

In parallel, research has sought to make an economic case of renewables as a recovery pillar. Studies have documented the slump over the past decade of technology costs, particularly solar’s, and the potential of renewable portfolios to produce higher investment returns.

21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

Read Next

October 8, 2025
Officials from Norway and Egypt have agreed provisional terms for the financing of the Dandara solar park in Egypt, which is being built and operated by Norwegian IPP Scatec.
October 8, 2025
Saatvik Green Energy has secured new solar PV module orders worth more than INR7 billion (US$84 million), to be delivered in this financial year.
October 8, 2025
Australia's NEM achieved a new minimum operational demand record of 9,666MW, marking a 4% decrease from the previous record.
October 8, 2025
Frontier Energy plans to expand its Waroona Renewable Energy Project into a renewable energy precinct by 2031, targeting up to 1GW solar.
October 7, 2025
Econergy will acquire 100% stake in the 155MW Ratesti solar project in Romania, further expanding its European renewable energy portfolio.
October 7, 2025
Juniper Green Energy through its subsidiary Juniper Green Sigma Eight has signed a 70MW power purchase agreement with renewable energy giant Tata Power. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK