Danish energy infrastructure investor Copenhagen Infrastructure Partners (CIP) has closed its Growth Markets Fund II (GMF II) at around US$3 billion, nearly tripling the size of its predecessor as it targets large-scale energy infrastructure projects across emerging markets.
The fund targets 15 high-growth, middle-income markets across Eastern Europe, Asia and Latin America. CIP said GMF II has already committed US$1.6 billion across nine investments and has generated total value above paid-in capital at final close.
The fund’s portfolio includes the largest standalone battery energy storage project in Chile, which has been commissioned below its construction budget.
Niels Holst, partner and co-head of GMF at CIP, said the institutional investor had been “successful in attracting a diverse group of LPs, including sovereign wealth funds, pension funds, impact-focused family offices, and Development Finance Institutions (DFIs), in addition to re-ups from existing LPs,” to GMF II.
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CIP expects GMF II to be fully committed within one to two years, citing a pipeline of near-term investments and portfolio optionality. The fund’s predecessor, GMF I, is now expected to deliver approximately 8.7GW of energy infrastructure across more than 50 projects in India and South Africa.
Founded in 2012, CIP currently manages 15 funds. The investor has raised about €43 billion (US$49.9 billion) to date with projects in more than 30 countries.
In March, CIP raised over €12 billion (US$13 billion) through its CI V fund for greenfield renewable energy projects. Targeting up to 30GW of renewable energy generation and storage assets to global energy grids, the fund focuses on large-scale renewable energy projects in what it describes as “low-risk” Organisation for Economic Co-operation and Development (OECD) countries in Europe, North America and Asia Pacific.
By Shreeyashi Ojha.
To read the full version of this story, visit PV Tech, where it first appeared.
Brookfield, La Caisse complete Boralex acqusition
In other recent clean energy business news, Brookfield Asset Management and investment group La Caisse have completed the acquisition of Canadian independent power producer (IPP) Boralex.
The acquisition was first announced in March 2026, and in June of this year, Boralex’s shareholders approved it.
Under the agreement, both Brookfield and La Caisse will acquire all of the issued and outstanding Class A common shares of Boralex for CA$37.25 (US$26.88) per share in cash. Following that, the Canadian IPP is expected to be delisted from the Toronto Stock Exchange on or about 17 August 2026.
Overall, Boralex has an installed renewable energy portfolio of 3.8GW across Canada, the US, the UK and France. Its development pipeline reached nearly 8.2GW across solar PV, wind and battery energy storage systems (BESS). The IPP recently secured more than US$1.6 billion in financing for its renewables development pipeline in France.
By Jonathan Touriño Jacobo.
To read the full version of this story, visit PV Tech, where it first appeared.
