Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund, Copenhagen Infrastructure V (CI V), has agreed to acquire Ørsted’s European onshore business, significantly expanding its footprint in the renewable energy sector, according to a press release from CIP.

The acquisition includes over 800 MW of onshore wind, solar, and battery energy storage system (BESS) projects in operation and under construction, as well as a multi?gigawatt development pipeline across Ireland, the UK, Germany, and Spain. Once finalized, the business will operate under a new company name and brand as a stand-alone entity.

“This significant acquisition across multiple markets and technologies further strengthens our presence in Europe,” said Mads Skovgaard-Andersen, CIO and Partner at CIP. “The combined onshore wind, solar, and BESS portfolio complements our existing projects and gives us the scale to accelerate renewable energy deployment, strengthen Europe’s energy independence, and deliver strong, risk-adjusted returns to our investors.”

Nischal Agarwal, Partner at CIP, added: “CI V has the opportunity to acquire a sizeable portfolio and pipeline of projects in Europe’s most attractive markets, backed by a trusted team with a strong track record. We are well positioned to develop, manage, and realize the full value potential of the platform.”

Trond Westlie, CFO of Ørsted, emphasized that the divestment allows Ørsted to focus on offshore wind in its core European markets. “Ørsted’s European onshore business has built a solid pipeline and project portfolio, and we’re pleased to have found a new owner in CIP. This divestment finalizes our European onshore exit and substantially strengthens Ørsted’s financial position,” he said.

CI V, which reached its final close in March 2025, exceeded its initial target of USD 14 billion (EUR 12 billion) and has a total potential commitment of approximately USD 27 billion (EUR 24 billion). The fund invests across multiple power generation technologies in North America, Europe, and Asia Pacific.

The acquisition is expected to close in the second quarter of 2026, pending regulatory approvals.