20 April 2015
Promoter – Financial Intermediary
COPENHAGEN INFRASTRUCTURE PARTNERS K/S
Infrastructure fund investing in large energy-related projects, with a focus on offshore wind, biomass and transmission.
The fund targets mezzanine and equity-type investments primarily in greenfield energy-related projects with a focus on offshore wind, biomass, and electricity transmission, mainly in Northern and Western Europe.
Total project cost:
Hard cap: DKK 15,000 million (EUR ~2,000 million)
Target: DKK 12,000 million (EUR ~1,600 million)
Proposed EIB finance (Approximate amount)
DKK 560 million
Total cost (Approximate amount)
DKK 15000 million
Most of the projects to be financed by the fund are expected to fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, leaving it to the national competent authority to determine on the basis of Annex III of that directive whether an environmental impact assessment is required. If an underlying investment is subject to an EIA, the fund manager will be required to obtain the non-technical summary of it, and, where relevant, written confirmation from the competent authority that the investment will not have any significant negative impact on sites of nature conservation.
The fund’s investment guidelines will be required to ensure that procurement procedures applied by the underlying investments financed by the fund are in line with the provisions of the relevant directives.
Signed - 1/07/2015