Copenhagen Infrastructure Partners (CIP) has concluded an agreement with Vestas, whereby Vestas acquires a 25% minority stake in CIP for a total consideration of EUR 500m.
CIP is a Denmark-based global market leader within greenfield renewable energy infrastructure investments. CIP manages approx. EUR 14bn of investor commitments from close to 100 of the world’s leading investors comprising pension and insurance companies and large family offices.
The transaction proceeds will be committed as re-investments into CIP and new funds to accelerate growth and innovation and increase co-investments.
As a global market leader, Vestas designs, manufactures, installs and services wind turbines worldwide. With more than 122 GW of wind turbines in 82 countries, Vestas has installed more wind power than anyone else. Vestas has more than 25,500 employees. The investment in CIP will increase Vestas’ involvement across the renewable value chain.
The transaction enables CIP to remain in front and invest significantly across the globe and develop CIP into the leading platform for institutional investors seeking to deploy capital directly into some of the largest and leading-edge energy projects across the world.
Accura advised CIP in connection with the transaction.
For further information, please read the press release.