Copenhagen Infrastructure V, the newest flagship fund of Copenhagen Infrastructure Partners (CIP), is receiving an injection of €200 million from the sovereign development fund.

CIP is the largest specialised fund manager for investments in greenfield renewable energy.

It makes investments in a variety of technologies, such as energy storage, onshore wind, and solar projects, as well as offshore wind.

These investments are dispersed geographically over the Asia Pacific area, Western Europe, and North America.

In the inaugural offshore wind energy auction held in Ireland last year, it secured 500MW of capacity.

It intends to construct an offshore wind farm in the north Irish Sea with partner Statkraft that can supply electricity to 500,000 households.

ISIF is contributing an additional €50 million to the Impax New Energy Investors IV Fund.

Working with developers of renewable energy, as well as investing in and creating renewable energy assets, will be its main priorities.

Impax already owns a controlling share in wind developer Rengen Power and has a relationship with solar developer BNRG.

ArcTern Ventures Fund III is receiving an additional $30 million in funding.

It makes investments in start-ups that use technology to address sustainability and climate change concerns in industries like energy, transportation, industry, and food.

"This demonstrates the importance we’ve been attaching to getting behind Climate investments – and the necessity of making these investments," said Nick Ashmore, director of the ISIF.

"The commitments we’re announcing today show ISIF’s appetite to invest across the spectrum of available Climate investments."

"We’re heavy backers of wind and solar energy because Ireland needs more of this generating capacity to accelerate the economy’s transition to Net Zero."

With this change, ISIF has now committed €636 million to climate investments in the last three years.

Between 2021 and 2026, ISIF wants to put €1 billion into these kinds of green projects.