Danish CIP raises €375M for bioenergy fund


Denmark – The first close on Copenhagen Infrastructure Partners’ (CIP) new mid-cap green fuel strategy, CI Advanced Bioenergy Fund I (CI ABF I), has reached EUR 375 million, with a target fund size of EUR 1 billion.

The fund will concentrate on advanced bioenergy infrastructure investments in Europe and North America. It allows institutional investors to participate in the energy transition and the decarbonization of hard-to-decarbonize sectors by producing advanced biofuels and biogas, all while providing cost-effective and circular solutions to environmental and organic waste challenges.

Sustainable feedstocks such as waste wood, agricultural biowaste, and household and industrial biowaste will be used to make investments that are dark green. Green gas and green fuels, such as renewable natural gas (RNG), liquefied natural gas (bio-LNG), and 2nd generation bioethanol, will be among the offtake products.

Fund commitments

CIP has secured an attractive portfolio of development stage advanced bioenergy projects in Europe with diverse exposure to feedstock, production technologies, and offtake markets prior to the fund’s first close.

On April 21, 2022, the new fund received its first capital commitments of EUR 375 million from four large institutional investors from Denmark (PensionDanmark and Industriens Pension) and Sweden (Andra AP-fonden and Fjärde AP-fonden). The fund has also received commitments from Vestas and CIP.