DEW and CIP, on behalf of the fund Copenhagen Infrastructure III K/S (CI III), are pleased to announce that they have entered into a partnership regarding the development of a portfolio of geothermal energy projects in the upper Rhine valley of Germany.
The partnership brings together DEW’s experience within the deep geothermal energy sector and CIP’s track record in developing, constructing and operating large renewable energy projects.
The geothermal projects will generate electricity by pumping up hot water of +100 ºC from 3-5 km depth. Geothermal is a long-term sustainable energy source with examples of wells that have been operating for more than 50 years and still produce energy today. Geothermal technology provides base load power.
For further information, please contact:
Ms. Kristina Negendahl Jessen, Copenhagen Infrastructure Partners, by phone: +45 70 70 51 51 or by e-mail: firstname.lastname@example.org, Webpage: www.cip.dk
Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners K/S (CIP) is a fund management company focused on energy infrastructure. CIP was founded in 2012 by senior executives from the energy industry in cooperation with PensionDanmark. CIP is owned and managed by the five senior partners, Jakob Baruël Poulsen, Rune Bro Róin, Torsten Lodberg Smed, Christian T. Skakkebæk and Christina Grumstrup Sørensen.
CIP currently manages four funds Copenhagen Infrastructure I K/S (CI I), CI Artemis K/S (CI A), Copenhagen Infrastructure II K/S (CI II), and Copenhagen Infrastructure III K/S (CI III). CI I, CI A, and CI II combined have commitments of EUR 3.3bn and are fully invested. CI I and CI A both have PensionDanmark as founder and sole investor, while CI II has 19 investors (PensionDanmark, Lægernes Pension, PBU, JØP, DIP, Nordea, PFA, Nykredit, AP Pension, SEB Pension DK, SEB Pension SE, Lærernes Pension, Oslo Pensjonsforsikring, VILLUM Fonden, KLP, Townsend on behalf of a UK pension fund, Widex, LB Forsikring, and EIB (with the backing of the EU through EFSI). CI III has EUR 2.8bn in capital commitments and 29 investors as per sixth close (PensionDanmark, Lægernes Pension, PBU, JØP, DIP, Nordea Fonden, PFA, AP Pension, SEB Pension DK, SEB Pension SE, Lærernes Pension, Oslo Pensjonsforsikring, KLP, Townsend on behalf of a UK pension fund, Widex, LB Forsikring, EIB, a Swiss pension scheme, Haringey London, Lív, ISP, K Alternativ Infrastruktur I, Lind Invest, Zhinfra, DNB Liv, Pensjonskassen for Helseforetakene, PME, Migdal and Catholic Superannuation Fund).