Takeaways

• Copenhagen Infrastructure Partners (CIP) has raised €1.3 billion ($1.5 billion) at the first close of its CI Green Credit Fund II, aimed at financing renewable energy and energy transition projects.
• The firm is targeting a total fund size of €2 billion, including co-investments and related investment vehicles.
• The fund has already completed its first investment, refinancing a 450 MW solar and battery storage portfolio in the Netherlands.

Global energy infrastructure investor Copenhagen Infrastructure Partners (CIP) has raised €1.3 billion ($1.5 billion) at the first close of its CI Green Credit Fund II, marking a significant step toward financing renewable energy and low-carbon infrastructure projects.

The fund is the firm’s second flagship green credit fund, designed to support renewable energy and energy transition projects through debt financing. CIP said it aims to raise a total of €2 billion for the strategy, including commitments to its closed-ended fund, evergreen investment vehicles, and discretionary co-investments.

The energy transition credit fund will focus on providing capital to renewable energy developers, energy-transition companies, and related infrastructure opportunities across OECD markets. Key regions include Europe, North America, and selected Asia-Pacific countries, where demand for clean energy infrastructure financing is rapidly growing.

Read More: Transition Finance: Bridging the Gap Between Fossil Fuels and Net Zero

CIP’s credit platform, launched in 2022 alongside its first green credit fund, concentrates on greenfield energy debt investments. Since its inception, the platform has raised approximately $3 billion in capital, including about $696 million in co-investment funding.

According to the company, the CI Green Credit Fund II will primarily target higher-yielding debt opportunities, with a strong focus on senior secured credit investments. These financing structures are typically used to support large renewable infrastructure projects while providing investors with relatively stable risk-adjusted returns.

The firm’s first green credit fund has already demonstrated strong activity in the clean energy space. CIP reported that the fund completed 12 investments globally, covering a range of renewable technologies and financing structures. The portfolio has now been fully deployed, utilizing 100% of its committed capital.

The fund also reached an important milestone when it achieved its first full realization in the fourth quarter of 2025, highlighting growing investor interest in structured financing for clean energy infrastructure.

Meanwhile, CI Green Credit Fund II has already made its first investment. The fund provided refinancing for a Dutch portfolio of solar and battery energy storage system (BESS) assets, with a combined capacity of 450 megawatts. The investment reflects growing demand for integrated renewable power and storage projects that can help stabilize electricity systems while supporting decarbonization.

Industry experts note that credit-based financing models are becoming increasingly important for the global energy transition. As renewable energy projects scale up and energy storage becomes more critical to grid reliability, infrastructure investors are seeking new ways to finance these assets while maintaining strong returns.

Commenting on the milestone, Jakob Groot, Partner and Co-Head of the CIP Credit Platform, said the fund has already received strong backing from investors across multiple regions.

He noted that both existing and new investors from North America, Europe, and the Asia-Pacific participated in the first close.

According to Groot, the market for energy transition credit investments offers investors an attractive balance of risk and return while providing essential capital for building new clean energy infrastructure.

Also Read: How ESG Ratings Impact Stock Returns: A Guide for Investors

With renewable energy demand continuing to grow worldwide, CIP expects the fund to play a key role in supporting the development of solar, storage, and other clean energy projects in the coming years.

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Source: ESGtoday