Funds

Energy Transition Fund

Greasewood Texas 09

Copenhagen Infrastructure Energy Transition Fund I (CI ETF I) reached first close with EUR 800m in commitments in June 2021. The fund was oversubscribed and closed at the hard cap of EUR 3 billion in August 2022. 

CI ETF I is the largest dedicated clean hydrogen fund globally and has ~6.5GW of electrolysers in its base case portfolio. It invests in next generation renewable energy infrastructure including industrial scale Power-to-X (PtX) projects and enables institutional investors to participate in the decarbonization of the so-called hard to abate industries such as shipping, steel production, and agriculture through the use of green fuels and feedstock and CO2-free fertilizers. The fund will primarily focus on greenfield projects in Western Europe, North America, Australia and developed Asian countries. Besides PtX the fund may invest in advanced biofuels, carbon capture and utilization/storage (CCU/S), and other infrastructure technologies, applications, and solutions to decarbonize industries and transportation.

Commitments 

CI ETF I achieved commitments from investors across the Nordics (~25% of commitments), Europe (~45%), Asia-Pacific (~20%) and North America (~10%) with approximately a 50/50 split between existing investors in CIP funds and new investors. The fund’s investor base comprises approximately 65 institutional investors, primarily pension funds, life insurance companies, sovereign wealth funds, asset managers, and family offices.

This fund is closed to new investors. 

25%
of investor commitments across the Nordics
45%
of investor commitments across Europe
20%
of investor commitments across Asia-Pacific
10%
of investor commitment across North America
1300X655 10

Projects

CI ETF I portfolio of industrial scale development stage PtX projects are expected to produce green hydrogen, green ammonia, and green methanol and has diverse exposure to production technologies and offtake markets. The projects are located in Denmark (Høst and Fjord) Norway (Iverson), Spain (Catalina), Portugal (Madoqua), Chile (Chile HNH) and Australia (Murchison)


Fund Leadership

Philip Christiani 18369
Philip Christiani
Partner
Karsten Plauborg 007
Karsten Plauborg
Partner
Soeren Toftgaard 121
Søren Toftgaard
ETF Fund Lead
Felix Pahl 37859
Felix Pahl
Partner