CIP introduces renewable energy platform in Germany

May 5, 2023 10:09 AM ET
  • Danish renewable energy infrastructure fund Copenhagen Infrastructure Partners (CIP) said on Thursday it has actually set up a new platform that will concentrate on creating and also implementing renewable energy projects in Germany.
CIP introduces renewable energy platform in Germany

Baldur Power GmbH, as it is called, will certainly specialise in the origination, development and implementation of solar photovoltaic, onshore wind as well as battery energy storage schemes. The Hamburg-based business will care for project planning, purchase, logistics, engineering, as well as building management and also will certainly likewise have an internal tools fleet.

Initial resources for the target projects will certainly be supplied by CIP's flagship funds. When the respective financial investment decisions are taken, construction financing will certainly be offered by CIP itself.

Copenhagen-based CIP claimed its plan is to develop and independent power manufacturer with both functional capacity and a substantial pipeline of projects under construction and also development.

Developed in 2012, CIP is focused on greenfield renewable energy as well as overseas wind investments. In March, it accepted take a majority stake in South African renewables business Mulilo Energy Holdings which asserts to hold an 8% share of the regional renewable energy industry.

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