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Copenhagen Infrastructure Companions divests possession of Travers Sun, Trade Information

Copenhagen Infrastructure Companions divests possession of Travers Sun, Trade Information



Copenhagen Infrastructure Companions divests possession of Travers Sun

GlobeNewswire

January 24, 2023


NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) — Copenhagen Infrastructure Companions (CIP), on behalf of Copenhagen Infrastructure Fund IV, is happy to announce that it has offered its 100% possession passion within the Travers Sun mission to a fund controlled by way of Axium Infrastructure.

Situated about 130 km south of Calgary in Alberta, Canada, Travers has a complete capability of 465 MWac / 691 MWdc and is the biggest non-hydro renewable calories asset in Canada. The mission, which represents CIP’s first funding in Canada, began building in March 2021 and reached industrial operations in November 2022. Nowadays, Travers delivers blank calories to greater than 100,000 families in Alberta, Canada.

“Travers has proved no longer just a treasured asset but in addition a vital motive force in Canada’s transition to renewable calories. The sale of Travers is proof of the price created by way of CIP all the way through the advance, financing, and building stages of this marquee renewable calories asset. The consummation of this transaction advances CIP’s dedication to a sustainable long term,” says Tim Evans, Spouse, and Head of North The usa at CIP.

The transaction closed previous this week after receiving regulatory and different commonplace ultimate prerequisites and approvals.

CIBC Capital Markets acted as unique monetary consultant to CIP at the sale and as joint bookrunner and mandated lead arranger at the mission financing. Norton Rose Fulbright acted as criminal consultant to CIP.
  
About Copenhagen Infrastructure Companions
Based in 2012, Copenhagen Infrastructure Companions P/S (CIP) these days is the sector’s greatest devoted fund supervisor inside of greenfield renewable calories investments and a world chief in offshore wind. The budget controlled by way of CIP specializes in investments in offshore and onshore wind, photo voltaic PV, biomass and energy-from-waste, transmission and distribution, reserve capability, garage, complicated bioenergy, and Energy-to-X.

CIP manages ten budget and has to this point raised roughly EUR 19 billion for investments in calories and related infrastructure from greater than 140 global institutional traders. CIP has roughly 400 staff and 11 workplaces around the globe. For more info, talk over with www.cip.com

For additional data, please touch:

Copenhagen Infrastructure Companions
Oliver Routhe Skov, VP Head of Media Members of the family
Telephone: +45 30541227
E-mail: [email protected]

 


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