CIP sets sights on power-to-X with new transition fund

New fund set to secure first investor as CIP targets next generation renewable energy projects

Copenhagen Infrastructure Partners (CIP) has launched an energy transition fund with a target to invest around €2.5bn ($3.05bn) in power-to-X and other “next generation” renewable projects. The Denmark-based fund manager says talks with potential investors are progressing and it expects to secure its first commitment during the summer, with the new fund likely to close by the end of the year. “Interest has been good, we will have the first close during the summer,” CIP partner Steen Lønberg Jørgensen tells Hydrogen Economist. “The energy transition is a massive opportunity. It’s important that large institutional investors put their money behind it. The investment that needs to go into the t