WindMagics has Signed a joint Venture Agreement with CIP
Windmagics has signed a joint venture agreement with Copenhagen Infrastructure Partners (“CIP”), among the largest renewable energy focused fund managers globally through its Copenhagen Infrastructure New Markets Fund I (“CI NMF”). The agreement enables joint equity investments in a 500 MW portfolio of renewable energy projects in China, with potential for future expansion. This transaction marks CI NMF’s first investment in the Chinese renewable energy market.
"China as the largest renewable energy market globally now and in the future, the ambitious goals in promoting renewable energy and strong capacity growth is attracting the world's top class Institutional investors in the industry, in addition to dominated domestic investors, forming a new investing landscape. We are very pleased to join hands with CIP, a prestigious European fund, for implementation of China '3060' decarbonization goal. We believe that the joint venture will contribute to the global sustainability progress as China-EU Green Cooperation." Dr. Yi YE, the Founder and President of WindMagics pointed.
WindMagics is a renewable energy technical company and renewable asset management service provider with over 8GW wind and solar energy asset management services track record, using inhouse expertise, has been developing a robust pipeline of renewable projects and servicing projects domestically and internationally over 3GW.
WindMagics branches have expanded to Singapore and other southeast Asian markets. Developed renewable energy projects includes 108MW wind farm in the Philippines, and multiple wind and solar projects in Malaysia and Indonesia.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S is a fund management company focused on investment and development of energy infrastructure including offshore wind, onshore wind, solar PV, biomass and waste-to-energy, transmission and distribution, reserve capacity and storage, and other energy assets, such as Power-to-X. CIP has approximately 300 employees and offices in Copenhagen, Hamburg, New York, Tokyo, Utrecht, ,London and Singapore. CIP manages eight funds with approximately EUR 18 billion under management.
CI NMF invests primarily in greenfield renewable energy infrastructure projects in fast-growing economies across Asia and Latin America as well as certain countries in Eastern Europe, where CI NMF sees scale, growth, and liquidity.