FUNDRAISING NEWS | August 29, 2024
Norges Bank Investment Management (NBIM) said it committed €900M (or approximately $1B) to Copenhagen Infrastructure Partners’ (CIP) latest renewable energy fund, Copenhagen Infrastructure V (CI V), according to an August 26 news release.
The fund will invest in renewable energy, focusing on offshore and onshore wind, solar farms, grid and distribution, and storage across North America, Western Europe, and developed countries in the Asia Pacific region.
The asset management unit of the Norwegian Central Bank, NBIM has previously closed six direct investments to solar and offshore/onshore wind in Europe.
As of August 29, NBIM has a market value of 18.3B NOK (or ~$1.7B).
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Jane Bailey is a Marketing Associate at Dakota.
