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Laxman Pai, Opalesque Asia: Copenhagen Infrastructure Partners (CIP), the world's largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind is looking to raise $3 billion for a new fund focused on building renewable energy projects from scratch in emerging and middle-income countries.
The Danish investment firm said in a media release that with a focus on developing and building offshore and onshore wind, solar PV, energy storage, and Power-to-X projects in selected high-growth middle-income markets across Asia, Latin America, and EMEA, the Growth Markets Fund II (GMF II) is expected to deliver renewable energy infrastructure projects reflecting over USD 10 billion of capital investment.
"This will enable more than 10 GW of new renewable energy capacity. It is set to be the world's largest fund focused on greenfield renewable energy investments in high growth, middle-income markets," said the release.
Christina Grumstrup Sorensen, Senior Partner and founder of CIP said: "To reach net-zero, we need to bring affordable, reliable, and clean energy to all parts of the world. With a continuous increase in carbon emissions, successful deployment of large-scale renewable energy is particularly important in high-growth, middle-income countries."
"This fund will be deploying significant private capital and therefore ensure renewable projects in countries, where it will contribute to growth...................... To view our full article Click here
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