GLOBAL GATEWAY-COPENHAGEN GROWTH MARKETS FUND II

Promoter – Financial Intermediary

COPENHAGEN INFRASTRUCTURE PARTNERS P/S

Location

• Regional - Asia
• Regional - Africa
• Regional - Latin America

Description

The project consists of an infrastructure fund targeting equity investments in greenfield renewable energy assets predominantly in high growth middle income markets and in selected EU Member States. By supporting major renewable energy projects, in particular onshore and offshore wind construction projects with European participation, the investment is well aligned with the objectives of the Global Gateway Initiative.

Objectives

The operation will support large scale renewable energy and other energy related technology investments in high growth middle income markets contributing to the achievement of renewable energy and decarbonisation targets in European Union and globally. By supporting major renewable energy construction projects, in particular onshore and offshore wind projects with European participation, the investment is well aligned with the objectives of the Global Gateway Initiative.

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

USD 100 million (EUR 93 million)

Total cost (Approximate amount)

USD 3000 million (EUR 2793 million)

Environmental aspects

This operation aims at generating environmental benefits by supporting construction projects that help mitigate climate change. The project is in line with the Bank's priority lending objectives for renewable energy and supports Climate Action and Environmental Sustainability objectives (100%).

Procurement

The EIB will require the Promoter to ensure that implementation of the construction projects will be done in accordance with the EIB's Guide to Procurement.

Status

Approved - 8/05/2024