CIP buys Ørsted renewable energy platform in EUR 1.4bn deal

Nordea has provided financing for Copenhagen Infrastructure Partners' (CIP) EUR 1.44 billion acquisition of Ørsted's European onshore renewable energy platform, Perigus Energy. The transaction, completed in June 2026 through CIP's fifth flagship fund, represents one of Europe's largest renewable energy platform financings and advances the expansion of clean energy capacity across the continent.

The acquired Perigus Energy portfolio comprises approximately 1.17 gigawatts of total capacity when fully operational. 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. It combines assets already generating electricity, projects under construction, and a pipeline of future assets, supporting European energy independence and the transition away from fossil fuels.

Nordea acted as Mandated Lead Arranger and lender in a non-recourse project finance package arranged with a syndicate of international banks. The financing supports both the acquisition and the platform's expansion. The strong interest from lenders reflects growing confidence in large-scale renewable energy investments, particularly when backed by experienced investors like CIP, long-term power purchase agreements, and government support schemes.

This transaction highlights Nordea's growing expertise in renewable energy and infrastructure financing. It demonstrates the bank's capability to structure complex financing solutions that help clients achieve their strategic goals while advancing the energy transition. Nordea has a long-standing relationship with CIP, and this deal underscores their partnership.