Norges Bank Investment Management (NBIM) has entered into an agreement with Copenhagen Infrastructure Partners (CIP) to invest €900 million in CIP’s latest renewable energy fund, CI V. This investment will support the development of renewable energy projects across North America, Western Europe, and the Asia Pacific region, focusing on offshore and onshore wind, solar, grid distribution, and storage.
Norges Bank invests €900M in CIP’s RE fund
Norges Bank is investing €900M in CIP’s CI V fund to support wind, solar, and storage projects. (Photo Source: Pexels)
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: NextPower UK)
The project will provide renewable energy to 600 residential subscribers, including low- and moderate-income households, at reduced rates. (Image Source: Chaberton Energy)
India, China, and Indonesia will lead APAC’s 57 GW dc floating solar capacity, achieving 31 GW (DC) combined by 2033. (Image Source: SOLARbytes)
EOS Capital Advisors advised Balanced Rock Power in selling its 25 MW solar project to Standard Solar. (Image Source: Standard Solar)