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Pension Funds Back €2 Billion Danish Renewable Energy Investment Fund

Pension funds from around the world continue to pour capital into renewable energy assets. Denmark-based Copenhagen Infrastructure Partners is the latest to attract investment from pension funds for renewable energy projects.

Copenhagen Infrastructure Partners (CIP) recently announced that it raised about €2 billion for its Copenhagen Infrastructure II K/S fund. The fund was initially backed by eight Danish institutional investors including PensionDanmark, Lægernes Pensionskasse, PBU, JØP, DIP, Nykredit, PFA, and Nordea. The fund has now received funding from foreign investors as well, including Kommunal Landspensjonskasse, Lærernes Pension, the European Investment Bank, AP Pension, SEB Pension, Oslo Pensjonsforsikring, SEB Pension och Försäkring, a UK pension fund managed by The Townsend Group (UK), T&W Holding, LB Forsikring, and VILLUM FONDEN.

The fund will invest the capital in renewable energy projects throughout Europe and North America.

“The fund’s focus will be on investments in energy infrastructure with stable returns, such as biomass fired power plants, electricity transmission grids as well as onshore and offshore wind,” said Christian T. Skakkebæk, Senior Partner in Copenhagen Infrastructure Partners.

Several pension funds are now looking to significantly increase their exposure to renewable energy assets. Cost parity with conventional power generation sources and increasing risk of regulatory action on fossil fuel-based power generation assets are among the prime reasons for pension funds to consider renewable energy infrastructure as a better investment avenue.

One of the recent renewable energy deals involving renewable energy was led by Banco Santander. Two pension funds from Canada — Ontario Teachers’ Pension Plan and Public Sector Pension Investment Board — joined hands with Banco Santander to create the Cubico Sustainable Investment fund. The fund, with over $2 billion of renewable energy and water infrastructure assets, aims to target projects in Britain, Brazil, Italy, Mexico, Portugal, Spain, and Uruguay.

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Written By

Smiti works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.


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