Copenhagen Infrastructure Partners (CIP) has secured a majority stake in Elgin Energy through its main fund CI V to deliver and expand its existing 15 GW solar PV and battery portfolio. The collaboration involves a joint investment of £250 million from CIP and Elgin Energy.
This investment will blend CIP’s strategic approach to procurement and construction with Elgin’s development portfolio, facilitating Elgin to emerge as an Independent Power Producer (IPP). This partnership will enable Elgin to enhance its workforce, expand its project pipeline in both established and emerging markets, and transition into a comprehensive solar and storage solutions provider.
In January 2024, CIP launched Copenhagen Energy Islands (CEI), a new development company dedicated to developing energy islands globally. Copenhagen Energy Islands will build on CIP’s long-standing experience and expertise in offshore wind.
Elgin Energy, founded in 2009 is an international solar company, bringing projects from origination through development to energisation. The company has a portfolio of projects in late-stage development totalling 15 GW+ across three key markets: the UK, Australia and Ireland.
