Copenhagen Infrastructure Partners (CIP) has held it's first close at around EUR6 billion (US$6,607 million) on its latest fund Copenhagen Infrastructure V. 

The fund is well on track to reach its target size of EUR12 billion (US$13,215 million). Focused on greenfield investments in large-scale renewable energy infrastructure, CI V has a global scope and aims to diversify its portfolio across technologies like contracted offshore wind, energy storage, onshore wind, and solar. The fund primarily invests in low-risk OECD countries in North America, Western Europe, and Asia Pacific.

At the first close, CI V already holds ownership in over 40 renewable energy infrastructure projects, with a potential commitment of approximately EUR 20 billion (US$22,026 million), exceeding 150% of the target fund size. Based on the current portfolio, CI V's goal is to add approximately 20 GW of new clean energy capacity to the grid, providing renewable energy to over 10 million average households. This would result in an annual CO2 avoidance of 15 million metric tons.