Business
Nordea Bank : CIP acquires Ørsted renewable energy platform in a EUR 1.4bn deal with Nordea providing funding
Nordea Bank : CIP acquires Ørsted renewable energy platform in a EUR 1.4bn deal with Nordea providing
About this update from Nordea Bank Abp
Nordea has helped finance Copenhagen Infrastructure Partners' (CIP) EUR 1.44 billion acquisition of Ørsted's European onshore renewables platform, Perigus Energy. The transaction, completed in June 2026 through CIP's fifth flagship fund, Copenhagen Infrastructure V (CI V), represents one of Europe's largest renewable energy platform financings and marks a significant step forward in expanding clean energy capacity across the continent. Perigus Energy has approximately 1.17 gigawatts of total capacity when fully completed, enough to power hundreds of thousands of homes. The portfolio spans three key European markets: Ireland, Germany, and the UK, and includes a mix of onshore wind farms, solar parks and battery energy storage systems. The platform combines assets already generating clean electricity today, projects currently under construction, and a pipeline of future assets. This mix provides both immediate cash flow and significant growth potential, supporting European energy independence and the transition away from fossil fuels.