CIP acquires 374 MW onshore wind portfolio in Northern Spain

Copenhagen Infrastructure Partners (CIP) has through its fund Copenhagen Infrastructure III K/S (CI-III) acquired the 374 MW onshore wind portfolio Monegros in Aragon, Spain and has commenced construction of the first projects totalling 113 MW.

The Monegros portfolio consists of nine individual projects with a total capacity of 374 MW
comprising 99 wind turbines from GE Renewable Energy (GE 3.8-130 and GE 3.4-130). The entire
portfolio will be financed with 100% of equity from CI-III with an expected total equity investment
of more than EUR 350m and all projects are expected to commence commercial operation in H1
2020.

The portfolio has been developed in cooperation with the local renewables developer Forestalia
and the Balance of the Plant (BoP) will be executed by three different partners, Copsa, Elecnor and
GES. GE Renewable Energy will provide operational and maintenance services for the turbines via a
long term service agreement.

“We are very pleased to announce our aqusition of the Monegros portfolio, as our first investment
in Spain. This achievement would not be possible without the strong support of our local partner,
Forestalia, and the close cooperation with GE Renewable Energy and the BoP contractors Copsa,
Elecnor and GES. We look forward to the project coming online, to create local jobs and help reduce
carbon emissions by delivering clean, renewable wind energy,” says Christian Skakkebæk, Senior
Partner at CIP.

The power generated by the Monegros projects will be sold to the Spanish wholesale market and is
expected to cover the electricity consumption of more than 300,000 average Spanish households a
year.

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.