Copenhagen Infrastructure Partners (CIP) has announced its CI Energy Transition Fund I (CI ETF I) has closed at the hard cap of €3bn ($2.994bn), which it says makes it the ‘largest dedicated clean hydrogen fund globally’.
CI ETF I is planned to invest in the next generation of renewable energy infrastructure, including industrial-scale Power-to-X projects, enabling institutional investors to participate in the decarbonisation of hard-to-abate sectors.
CIP says the fund will primarily focus on greenfield projects, aiming to contribute to the decarbonisation of industries such as agriculture, aviation, shipping, chemical manufacturing, and steel production through the use of green fuels, including green hydrogen.
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