Copenhagen Infrastructure Partners unveils €100 billion green energy investment plan

Copenhagen Infrastructure Partners eyes spending on wind in markets around the world as part of 2030 investment plans

CIP plans to be active in offshore and onshore wind around the world

Fund manager Copenhagen Infrastructure Partners (CIP) plans to spend €100 billion in green energy before 2030.

About 30% of this would be in offshore wind, with the remainder going towards onshore wind, solar, power-to-x and other energy transition technologies including energy islands and carbon capture usage and storage (CCUS).

CIP plans to be “globally active”, investing in markets in Asia Pacific, Europe and North America, partner Michael Hannibal told Windpower Monthly.

Hannibal believes CIP’s €100 billion of investment will unlock a further €100 billion from lenders.

CIP currently has about €16-18 billion invested in renewables projects worldwide. Managing partner Jakob Baruël Poulsen added that it plans to make annual average investments of €10 billion between 2022 and 2030.

He said: “In CIP we have the project pipeline, the capabilities as well as the technological and financial resources to continue to tackle climate change. 

“But we need firmer and more decisive policy instruments to curb CO2 emissions, including increased offshore wind build-out targets and faster approval processes.”

Global reach

The fund manager sees great potential for wind power growth around the world, CIP partner Michael Hannibal told Windpower Monthly.

“We see Asia as a strong wind market in general,” Hannibal told Windpower Monthly. “We believe in building out a good position in the US, where we are constructing 806MW Vineyard Wind 1 , which will be the first large-scale commercial offshore wind farm in the US. Then we will look at the west coast.

“We also see strong growth in Europe and are active in Australia. We will be globally active.”

Hannibal added that CIP sees energy islands – where offshore wind output could be distributed from an island hub at sea, either as electricity or as hydrogen or ammonia – could be feasible in many regions.