NILGOSC has committed €50m to the Copenhagen Infrastructure IV fund which will invest in offshore wind, onshore wind, solar PV and other low carbon energy solutions.
Copenhagen Infrastructure IV fund
The Copenhagen Infrastructure IV fund is managed by Copenhagen Infrastructure Partners (CIP), a Danish employee-owned investment management firm with a strong track record on owing renewable energy infrastructure assets. The assets for the new fund will be located in Europe (UK, Germany, Spain and Benelux), North America (US and Canada) and Asia Pacific (Taiwan, Japan, South Korea and Australia). In addition to wind and solar assets the fund will also consider such areas as biomass, waste-to-energy, reserve capacity, transmission and storage.
David Murphy, Chief Executive of NILGOSC, commented “for a number of years NILGOSC has been building up its portfolio of infrastructure assets. We have also been taking action to mitigate against climate risk and our existing low-carbon assets such as onshore wind, district heating, solar, energy-from-waste and hydro power assist with our objective. Our commitment to the Copenhagen Infrastructure IV is another step forward being our first investment in a diverse, renewables-only fund. As a long-term investor we regard climate risk as a significant investment risk so this is an exciting opportunity for us to contribute to the global action to reduce carbon emissions whilst earning income for the pension fund.
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