Norges Bank Investment Management (NBIM), the investment manager for Norway’s $2 trillion oil fund, announced that it has committed €1.2 billion (USD$1.34 billion) to Copenhagen Infrastructure Partners’ (CIP) newest flagship renewable energy fund, CI VI.
CIP launched CI VI earlier this year, following the final close of its predecessor fund, CIP V in 2025, raising €12 billion in commitments. The firm is reportedly seeking to raise €16 billion for the new fund. CIP’s flagship fund series invests in new energy transition projects in low-risk countries globally. CI VI will primarily invest in generation and storage of renewable energy across OECD countries in North America, Western Europe and the Asia Pacific region.
The new agreement marks the latest in a series of moves by NBIM to build its renewables infrastructure portfolio, following a mandate from Norway’s Ministry of Finance in 2019 enabling the fund to invest in unlisted renewable energy infrastructure. NBIM invested €900 million in CIP V in 2024, and $1.5 billion last year in Brookfield Asset Management’s Global Transition Fund.
Harald von Heyden, Global Head of Energy and Infrastructure at NBIM, said:
“CI VI allows us to keep investing in renewable energy projects at the development stage, and builds on a partnership that has worked well for the fund since 2024.”
In a post announcing the investment, CIP Managing Partner Jakob Baruël Poulsen said:
“Welcome to our friends from Norges Bank Investment Management into Copenhagen Infrastructure Partners new flagship fund (CI VI). This is a major milestone for Copenhagen Infrastructure Partners and a very important step for the global energy transformation.”
