Copenhagen Infrastructure Partners (CIP) has entered into partnership with CI Energy Transition Fund I (CI ETF I) for the development of green hydrogen.
The duo has reached final close on this agreement, which has made CI ETF I the largest clean hydrogen fund worldwide.
According to the company, this fund was oversubscribed and closed at the hard cap of €3 billion.
As per the agreement, CI ETF I will “invest in next generation renewable energy infrastructure including industrial scale Power-to-X (PtX) projects.”
This will further enable institutional investors to participate in decarbonization of industries and contribute to renewable power generation.
The company informed that the fund would focus on greenfield projects in the OECD.
According to CI ETF I, it has already secured commitments from investors across the Nordics, Europe, Asia-Pacific and North America.
CIP managing partner Jakob Baruël Poulsen was quoted in a statement, "We are delighted that investors share our confidence in and appetite for clean energy infrastructure projects and invest alongside CIP in the next phase of the energy transition.”