CIP launches its first Green Credit Fund
Copenhagen Infrastructure Partners (CIP) has launched its first debt fund, CI Green Credit Fund I (CI GCF I), with EUR320 million (US$365.90 million) in seed capital. The fund has a target raising amount of EUR1 billion (US$1.14 billion).
CI GCF I fund will provide private project finance debt to support renewable energy projects globally. The focus will be on the green- and brownfield projects in offshore wind, onshore wind, solar PV, biomass, storage and transmission assets with a geographic focus in Europe, North America, and selective jurisdictions in the Asia-Pacific region.
The fund’s main focus will be on direct investments, but it also has the ability to do risk-sharing transactions. For risk-sharing transactions, CIP has partnered with Whitecroft Capital Management. Law firms Kirkland & Ellis and Plesner act as legal counsel and KPMG Acor Tax act as tax counsel.
Country updates
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February 08, 2022
Tender issued for Utility system PPP project in USA
The University of Louisville has issued a tender seeking a private partner to manage its on-campus utility production and distribution systems.
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February 08, 2022
FirstEnergy to invest USD2.5 million in Deep Decarbonization Frontier Fund
FirstEnergy Corp has announced the decision to invest US$2.5 million in the Energy Impact Partners' (EIP) Deep Decarbonization Frontier Fund. The fund intends to invest in early-stage, innovative...
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February 07, 2022
Final close achieved for Stonepeak Infrastructure Fund IV
Stonepeak has announced the final close for the Stonepeak Infrastructure Fund IV with US$14 billion of aggregate capital commitments. The fund was oversubscribed with demand exceeding its hard cap. F...
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February 04, 2022
RFP launched for broadband expansion PPP project in Village of Ruidoso
The Village of Ruidoso has launched a Request for Proposals (RFP) to interested developers for the expansion of the broadband network in the village located in New Mexico, USA. The project invol...
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February 04, 2022
USD309 million contract approved for Smart Street Lighting PPP in USA
Council of the District of Columbia in Washington DC, USA has approved the contract with Plenary Infrastructure DC (PIDC) to provide smart lighting network in Washington DC.
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