Energy infrastructure investor Copenhagen Infrastructure Partners has raised €1.3 billion at the first close of its second flagship green credit vehicle, CI Green Credit Fund II, advancing its strategy to finance renewable energy and energy transition assets through debt solutions.

The fund targets a total raise of €2 billion, including commitments to the closed-ended vehicle, related evergreen structures and discretionary co-investments. The first close reflects commitments from institutional investors across North America, Europe and Asia-Pacific.

Scaling the Green Credit Platform

CIP established its credit platform in 2022 with the launch of CI Green Credit Fund I. Since inception, the platform has raised approximately $3 billion, including $696 million in co-investment capital. The strategy focuses on greenfield energy debt investments, providing structured financing to renewable energy projects and energy transition companies.

Fund I has now been fully deployed, completing 12 investments across multiple technologies and geographies. The vehicle achieved its first full realization in the fourth quarter of 2025, marking an initial validation of the platform’s credit strategy.

CI Green Credit Fund II builds on this track record, concentrating on higher-yielding debt opportunities, primarily in senior secured credit structures. The fund will deploy capital across OECD jurisdictions, with a focus on Europe, North America and selected Asia-Pacific markets.

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First Investment in Dutch Solar and Storage Portfolio

The new fund has already executed its first transaction, providing refinancing for a Dutch portfolio comprising solar photovoltaic and battery energy storage system assets with a combined capacity of 450 megawatts.

The transaction underscores growing demand for flexible credit capital to refinance operational renewable assets and support storage integration as grids absorb higher shares of intermittent generation.

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Market Context for Energy Transition Debt

Institutional demand for private credit strategies tied to energy infrastructure has increased as investors seek stable yields alongside climate-aligned exposure. Renewable energy projects and transition-focused businesses often require tailored financing structures that traditional bank lending may not fully address.

Senior secured debt positions can offer downside protection while supporting capital-intensive infrastructure development, particularly as governments and utilities accelerate renewable deployment and grid modernization.

CIP’s leadership indicated that the green credit strategy aims to deliver competitive risk-adjusted returns while providing structured capital solutions for renewable build-out.

With Fund II targeting €2 billion in total commitments, the platform positions itself to play a larger role in financing the next wave of renewable generation and energy storage projects across developed markets.

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