Sumitomo Mitsui Trust Bank invests in Copenhagen Infrastructure V

At the end of June, Sumitomo Mitsui Trust Bank invested in Copenhagen Infrastructure V as a limited partner, mainly targeting for renewable energy-related businesses in OECD countries.

Copenhagen Infrastructure Partners is an investment fund manager to invest in renewable energy-related businesses in OECD countries, including floating and fixed-bottom wind power, solar power, and other categories (storage batteries and power transmission lines), with a target fund size of EUR 12bn.

The Fund’s investment strategy is a continuation of the predecessor flagship funds CI I, CI II, CI III, and CI IV, applying the same well-tested industrial value-creation approach, whereby projects are entered early and significantly de-risked and optimized, prior to the start of construction to capture the attractive greenfield premium. The Fund will focus on greenfield investments within large-scale renewable energy infrastructure. It has a global reach and intends to diversify investments across technologies such as contracted offshore wind, energy storage, onshore wind and solar in low-risk OECD countries in North America, Western Europe, and Asia Pacific.

In April 2022, SuMi TRUST Bank invested in Copenhagen Infrastructure Energy Transition Fund I for Power to X (“PtX”) technology, a next-generation decarbonization projects such as green ammonia. This investment to the Fund is the second investments to CIP managed funds.

SuMi TRUST Bank is making impact equity investments, targeting a cumulative total of JPY 500bn by fiscal 2030, in projects and companies that contribute to solve social issues, such as decarbonized society, and to promote to circulate funds that resolves social issues. This investment to the Fund is a part of these initiatives. In order to realize a sustainable society, SuMi TRUST Bank expects to broadly strengthen and promote collaboration with global financial institutions such as CIP. SuMi TRUST Bank will also contribute to resolving issues in the ESG/SDGs field by utilizing their diverse expertise, including project finance structuring know-how that the bank has gained from its international business experience.

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