Copenhagen Infrastructure Partners (CIP) reaches first close for its CI Advanced Bioenergy Fund I (CI ABF I) after raising EUR 375 million (US$395.47 million). The fund has target to raise EUR1 billion (US$1.06 billion).

The fund will focus on equity investments in advanced bioenergy infrastructure in Europe and North America. It enables institutional investors to contribute to the energy transition and participate in the decarbonization of hard to abate sectors through the production of advanced biofuels and biogas – while delivering cost efficient and circular solutions for environmental and organic waste challenges. Investments will be dark green (as defined in the EU regulation Article 9) based on sustainable feedstock such as waste wood, agricultural biowaste, and household and industrial biowaste. The offtake products will include green gas and green fuels, such as renewable natural gas (RNG), liquified natural gas (bio-LNG), and 2nd generation bioethanol.