Norges Bank Investment Management (NBIM) – the asset management division of Norges Bank – has announced
a new capital allocation to unlisted renewable energy infrastructure. The €900m investment is the outcome of an agreement with Copenhagen Infrastructure Partners – a Danish asset manager.
The allocation is an indirect investment into CIP’s fifth flagship fund – “CI V”. According to CIP, “CI V” is focused on “greenfield investments within large-scale renewable energy infrastructure”.
Its geographical scope is broad, ranging from North America and Western Europe to assets located in developed economies in the Asia Pacific region. In terms of technologies, CIP says the fund will focus on a diverse base of assets such as energy storage, offshore wind, onshore wind and solar. The fund reached a first close, at €5.6bn in June 2023.
For NBIM, the agreement with CIP fits into a management mandate received…
