CIP acquires Ørsted renewable energy platform in a EUR 1.4bn deal with Nordea providing funding

Nordea has helped finance Copenhagen Infrastructure Partners' (CIP) EUR 1.44 billion acquisition of Ørsted's European onshore renewables platform, Perigus Energy.

The transaction, completed in June 2026 through CIP’s fifth flagship fund, Copenhagen Infrastructure V (CI V), represents one of Europe's largest renewable energy platform financings and marks a significant step forward in expanding clean energy capacity across the continent.

A major renewable energy portfolio

Perigus Energy has approximately 1.17 gigawatts of total capacity when fully completed, enough to power hundreds of thousands of homes. The portfolio spans three key European markets: Ireland, Germany, and the UK, and includes a mix of onshore wind farms, solar parks and battery energy storage systems.

The platform combines assets already generating clean electricity today, projects currently under construction, and a pipeline of future assets. This mix provides both immediate cash flow and significant growth potential, supporting European energy independence and the transition away from fossil fuels.

Financing the transition

Nordea supported in arranging a non-recourse project finance package of up to EUR 1.44 billion. As Mandated Lead Arranger and lender, Nordea worked in a syndicate of international banks to provide the financing for CIP, which supports both the acquisition and platform expansion.

The strong interest from lenders reflects growing confidence in large-scale renewable energy investments, particularly when backed by experienced investors like CIP and supported by long-term power purchase agreements and government support schemes.

Building on a strong partnership

For Nordea, the transaction highlights the bank's growing expertise in renewable energy and infrastructure financing. It also demonstrates Nordea's ability to structure complex financing solutions that help clients achieve their strategic goals while advancing the energy transition.

"We are proud to support this milestone transaction and to strengthen our long-standing relationship with Copenhagen Infrastructure Partners," says Henrik Immelborn, Head of Renewable Energy and Infrastructure Finance in Nordea's Large Corporates & Institutions unit. "Deals like this show how financial institutions can play a crucial role in enabling the infrastructure needed for Europe's energy future."