Copenhagen Infrastructure Partners (CIP) has reached an agreement with TC Energy to sell two of its US onshore wind farms in Texas for an undisclosed sum. CIP has agreed to sell the Blue Cloud and Fluvanna I wind farms through its Copenhagen Infrastructure II K/S fund. Located in Scurry County, Fluvanna I is a 155 MW project that has been operational since 2017. The 148 MW Blue Cloud wind farm opened in 2018 in Bailey and Lamb Counties. CIP also set up Baldur Power, a dedicated platform for the development of renewable energy projects in Germany, on behalf of CIP’s flagship funds. Baldur will be focusing on projects involving battery storage, onshore wind, and solar photovoltaic technology.
In March 2023, CIP purchased a majority stake in South African renewable energy developer Mulilo Energy Holdings for an undisclosed sum. The deal was carried out by CIP through its Copenhagen Infrastructure New Markets Fund I (CI NMF I). Mulilo’s existing founders and management would remain on board following the acquisition.