After nine months of fundraising, Copenhagen Infrastructure Partners’ (CIP) new fund, Copenhagen Infrastructure III (CI III), has had its sixth close on December 27, 2017 with total commitments reaching EUR2.8 billion (US$3.32 billion).
Energy Finance & Investment News in Denmark
PFA Pension has committed US$100 million to the The Africa Infrastructure Fund, thus totaling the commitments from A.P. Moller Holding and the other anchor investors PKA, Pension Denmark and Lægernes Pension (The Medical Doctor’s Pension Fund) to US$650 million.
Following DONG Energy's profound strategic transformation from black to green energy and the recent divestment of the upstream oil and gas production, the company has decided to change its name to Ørsted.
Better Energy secures loan from the Danish Green Investment Fund to build third largest solar park in Denmark
With funding from Danish Green Investment Fund, Better Energy is constructing a 63-hectare solar park in Nees, West Jutland, Denmark.
Aquila Capital has acquired a wind energy project in Denmark near Kappel on Lolland with an installed capacity of over 25 MW. Seller of the windpark is European Energy AS.
A.P. Moller Holding has together with PKA, PensionDanmark and Lægernes Pension launched a new infrastructure fund with a focus on Africa.
Copenhagen Infrastructure Partners’ new fund Copenhagen Infrastructure III has reached its third close with total commitments reaching €1.9 billion (US$2.2 billion), after only 4 months of fundraising.
With a new 20-year agreement recently concluded between Novo Nordisk, Novozymes, Kalundborg Forsyning and DONG Energy, a sustainable alternative has been found to Denmark's largest coal-fired power station unit, enabling a complete phase-out of coal in a DKK 1.2 billion ($180 million) development.
IPPToday #13: DONG Energy and Vattenfall secure investments in the Horns Rev 2 and Horns Rev 3 wind farms
DONG Energy and Vattenfall have initiated a common project to ensure the emergency power supply for DONG Energy's wind farm, Horns Rev 2, and Vattenfall's upcoming wind farm Horns Rev 3.
DONG Energy has agreed to divest the entire share capital of DONG E&P A/S to INEOS for an unconditional payment of US$1,050 million on a cash and debt free basis, a contingent payment of US$150 million related to the Fredericia stabilisation plant and a contingent payment of up to US$100 million subject to the development of the Rosebank field.
European Energy A/S has signed agreements for the sale of four wind farms in Denmark, Italy and Germany totalling around 64 MW of capacity.
HSH Nordbank, a German financial services provider, has announced it will finance part of the construction of a 37.9 MW PV plant in Vandel/Billund, in the Danish southern province of Jütland.
GE has announced that it has completed the acquisition of LM Wind Power, a Denmark-based technology developer and manufacturer of rotor blades to the wind industry. The completion of the transaction follows regulatory approval in the European Union, the United States, China, and Brazil.
Vindeby Offshore Wind Farm, consisting of 11 offshore wind turbines, was connected to the grid in 1991. After more than 25 years of service, DONG Energy, owner and operator of the wind farm, has now decided to decommission the farm.
Copenhagen Infrastructure Partners (CIP) has initiated the fundraising process for its new fund, Copenhagen Infrastructure III, which will now be open for investor subscription.
EQT has announced that its third fund for infrastructure investments, EQT Infrastructure III, has been closed at the hard cap of €4 billion (US$4.2 million).
Infranode has announced the closing of its second investment round. The Infranode I investment platform raises SEK1.9 billion (US$213 million) dedicated to essential infrastructure investments in the Nordics.
The African Development Bank (AfDB) has announced it has approved a financing package of US$100 million, comprising US$50 million equity and US$50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.
Danish Parliament (Folketing) has announced the green light for the development of Vattenfall's 350 MW project off Denmark's west coast.