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)

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.