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.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, and other energy assets like reserve capacity and storage. CIP has approximately 110 employees and offices in Copenhagen, Taipei, New York, Tokyo, Utrecht, and London.
CIP manages six funds and has more than EUR 8 bn under management. CI I, CI A I and CI A II have PensionDanmark as founding- and sole investor. CI II has 19 Danish and international institutional investors and CI III has 42 institutional investors from the Nordics, Continental Europe, the UK, Israel, Asia, Australia, and multi-lateral organizations e.g. EIB. CI NMF I has 15 investors from the Nordics and Continental Europe.
CIP was founded in 2012 by senior executives from the energy industry in cooperation with Pension Denmark.