Green Credit Funds

Funds

Green Credit Funds

CIP’s credit strategy seeks to invest into balanced and diversified investments across transaction types, project lifecycles, geographies and technologies.

The Green Credit Funds are focused on green- and brownfield projects in wind, solar PV, biomass, storage and transmission, assets, and geographically on Europe, North America and selective jurisdictions in Asia Pacific. The funds provide investors with access to an asset class with substantial growth momentum, attractive risk-adjusted returns and low correlation to other asset classes. The strategy is mainly concerned with direct investments but also has ability to do risk sharing transactions.

CI GCF II

Copenhagen Infrastructure Green Credit Fund II (GCF II) has reached first close, raising EUR 1.3 billion in committed capital and is targeting an overall fundraise of EUR 2 billion. This includes commitments to its closed-ended fund, related evergreen vehicle and discretionary co-investments.

GCF II has received commitments from a range of institutional partners across the globe, including sovereign wealth funds, insurance companies and pension funds. CIP has also made a significant commitment to GCF II, demonstrating its conviction in the strategy.

2 bn

Target fund size

CI GCF I

CI GCF I is CIP’s first debt fund and provides private project finance debt with subordinated risk characteristics supporting energy projects globally. It focusses on investments in green- and brownfield projects in offshore wind, onshore wind, solar PV, biomass, storage and transmission assets, and the geographic focus of the fund will be Europe, North America and selective jurisdictions in the Asia-Pacific region. The fund provides investors access to an asset class with substantial growth momentum, attractive risk-adjusted returns, and low correlation to other asset classes. The fund’s focus is on direct investments, but it also has ability to do risk sharing transactions.

CI GCF I launched in February 2022 with EUR 320 million in seed capital. The fund reached final close in August 2023, securing commitments totaling EUR 1 billion, thereby meeting its target fund size. +100% of the fund has been committed as of March 2026, with 12 investments in the portfolio. These investments are diversified across technologies, geographies, and investment types.

1bn

Final Close

CIP's first debt fund

Copenhagen Infrastructure Green Credit Fund I (CI GCF I) launched in February 2022 with EUR 320 million in seed capital. The fund reached final close in August 2023, securing commitments totaling EUR 1 billion, thereby meeting its target fund size. Over 100% of the fund has been committed as of March 2026, with 12 investments in the portfolio. These investments are diversified across technologies, geographies, and investment types.

+100%

committed capital from CI GCF I

investments closed from CI GCF I

CIP boosts Elements Green

In July 2025, Elements Green, a UK-based developer of utility-scale solar PV and battery energy storage systems (BESS), announced the closing of an €80 million platform financing agreement with Copenhagen Infrastructure Partners (CIP). The financing was structured through CI Green Credit Fund I (CI GCF I).

The facility will play a key role in advancing Elements Green’s 13 GW portfolio of renewable energy projects across the United Kingdom, Germany, Italy, and Australia. The capital will be deployed across development, construction, and acquisition activities, supporting the company’s ambition to become a leading independent power producer (IPP) while maintaining long-term ownership and operational control.

"We are delighted to be partnering with Elements Green and to support the acceleration of their diversified portfolio of BESS projects. This platform financing is a great opportunity for our CI Green Credit Fund I to make yet another meaningful contribution to the global energy transition by delivering large-scale clean, energy solutions to the market."

- Nicholas Blach Petersen, Partner at CIP and Co-Head of GCF I

This transaction exemplifies how green credit can be deployed to accelerate the development of next-generation renewable energy platforms. It also highlights CI GCF I’s role in enabling the global energy transition through flexible, large-scale credit solutions.

Accelerating TagEnergy’s growth

The global clean energy enterprise TagEnergy announced the closing of a dual currency (AUD and EUR) green bond in June, totalling a maximum of EUR 570 million with CIP and the Singaporean institutional investor GIC as investors. The issuance will be instrumental in supporting the growth of TagEnergy’s renewable energy portfolio of onshore wind, battery energy storage systems (BESS) and solar PV assets in the UK, Europe and Australia.

TagEnergy, founded in 2019, has successfully achieved financial close on several renewable energy projects including the first stage of the 1.3 GW Golden Plains Wind Farm onshore wind mega-project in Victoria, Australia as well as four BESS facilities across the UK totalling 169 MW. The first tranche of the green bond will add to existing funding sources for the construction of the first stage of Golden Plains, with the remaining up to EUR 300 million follow on tranche dedicated to TagEnergy’s other global renewable assets. It will play a major part in the company’s aim to put over 4 GW of onshore wind and other renewable energy projects into commercial operation in several OECD countries.

"This partnership shows how green credit works in practice. TagEnergy has a strong management team and a robust portfolio of projects, combined with a really exciting pipeline. Investment from Copenhagen Infrastructure Green Credit Fund I and GIC will help to accelerate TagEnergy’s impressive work, while allowing CIP to make a further meaningful contribution to the green transition"

- Jakob Groot, Partner at CIP and Co-Head of GCF I

Fund Leadership

Jakob Groot

Partner and Co-Head

Nicholas Blach Petersen

Partner and Co-Head

Reiner Boehning

Partner

Steffen Barnebeck Andersen

Partner