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CIP takes over Soltec’s Danish Solar Portfolio

Copenhagen Infrastructure Partners (CIP) has completed the acquisition of 100% of Soltec's Danish solar photovoltaic portfolio, a significant transaction in the energy landscape.

energynews
Le 4 January 2024

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CIP’s acquisition of Soltec’s solar portfolio, via its Energy Transition Fund I (CI ETF I), represents a key step in strengthening their renewable energy assets. This portfolio, mainly located in Jutland, includes early-stage projects with a potential capacity of around 850MWDC.

Acquisition details

This transaction enables CIP to diversify and expand its portfolio in the solar energy sector. The acquired projects will play a role in CIP’s Power-to-X initiatives, such as Fjord eSAF and Høst, which focus on green ammonia and hydrogen production.

Implications for Soltec

For Soltec, this sale marks a strategic refocusing on other initiatives and projects. Raúl Morales, CEO of Soltec, emphasized the importance of this transaction for the company, saying that it represents recognition of the quality of their projects under development.

CIP’s reactions and outlook

Felix Pahl, Partner at CIP, spoke of the importance of this acquisition for the CI ETF I fund, in terms of developing renewable energy projects in Denmark. He underlined CIP’s commitment to working closely with local stakeholders in the deployment of these projects.
CIP’s acquisition of Soltec’s Danish solar portfolio represents a strategic move in the renewable energy sector, reflecting the current market dynamics and future orientations of both companies.

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