Copenhagen Infrastructure Partners (CIP) has launched Baldur Power, a dedicated platform for the development and realisation of renewable energy projects in Germany.
Baldur will primarily focus on the origination, development and implementation of solar PV, onshore wind, and battery storage projects.
In addition to project development, Baldur’s capabilities comprise planning, procurement, logistics, engineering, and construction management.
Based in Hamburg, the company maintains an in-house fleet of equipment critical for the realisation of solar PV projects.
“As part of CIP’s dedicated strategy of investing in growth platforms, we are excited about the prospects of Baldur Power and the opportunity to create, over time, an established developer and owner of renewable energy projects in Germany,” said Radu Gruescu, Partner at CIP.
CIP’s Flagship Funds will initially provide capital for project development and for the growth of Baldur Power.
Then, subject to investment decisions at the time, CIP intends to provide the capital required for the construction of the projects developed by the company.
It will ultimately establish Baldur as an independent power producer that owns both operational projects and a growing pipeline of projects under construction and in development.
Watson Farley & Williams LLP acted as legal advisor to CIP.