Copenhagen Infrastructure Partners (CIP) has announced it is launching a new fund focused on scaling bio methane and bioenergy production across Europe.
The fund is launching with a €200m (£173m) commitment from the EIB Group’s European Investment Fund. CIP has set a target size of €1.5bn for ABF II, roughly twice the size of its previous fund, which closed in 2023.
According to CIP, the fund, ABF II, will focus primarily on the development, construction and operation of new industrial-scale biogas plants using anaerobic digestion technology.
“We see strong market demand for the production of domestic biomethane across Europe and with the ABF II, and the existing portfolio of greenfield bioenergy projects, CIP is well positioned to deliver,” said Thomas Dalsgaard, partner at CIP and head of the Advanced Bioenergy Team.
See also: Making the case for responsible investment in biomass
