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Fund manager Copenhagen Infrastructure Partners (CIP) plans to spend \u20ac100 billion in green energy before 2030.<\/p>\n
About 30% of this would be in offshore wind, with the remainder going towards onshore wind, solar, power-to-x and other energy transition technologies including energy islands and carbon capture usage and storage (CCUS).<\/p>\n
CIP plans to be \u201cglobally active\u201d, investing in markets in Asia Pacific, Europe and North America, partner Michael Hannibal told\u00a0Windpower Monthly<\/em>.<\/p>\n Hannibal believes CIP\u2019s \u20ac100 billion of investment will unlock a further \u20ac100 billion from lenders.<\/p>\n CIP currently has about \u20ac16-18 billion invested in renewables projects worldwide. Managing partner Jakob Baru\u00ebl Poulsen added that it plans to make annual average investments of \u20ac10 billion between 2022 and 2030.<\/p>\n He said: \u201cIn CIP we have the project pipeline, the capabilities as well as the technological and financial resources to continue to tackle climate change.<\/p>\n But we need firmer and more decisive policy instruments to curb CO2\u00a0<\/sub>emissions, including increased offshore wind build-out targets and faster approval processes.\u201d<\/p>\n The fund manager sees great potential for wind power growth around the world, CIP partner Michael Hannibal told\u00a0Windpower Monthly<\/em>.<\/p>\n \u201cWe see Asia as a strong wind market in general,\u201d Hannibal told\u00a0Windpower Monthly<\/em>. \u201cWe believe in building out a\u00a0good position in the US<\/a>, where we are constructing\u00a0800MW Vineyard Wind 1<\/a><\/small><\/span>, which will be the first large-scale commercial offshore wind farm in the US. Then we will look at the west coast.<\/p>\n \u201cWe also see strong growth in Europe and are active in Australia. We will be globally active.\u201d<\/p>\nGlobal reach<\/h4>\n