PensionDanmark has committed €100 million to Copenhagen Infrastructure Partners’ first Advanced Bioenergy fund.
The vehicle is targeting €1 billion and will be classified under Article 9 of the SFDR. It will invest in infrastructure connected to converting organic waste products – such as household, industrial, agricultural and food waste – into green fuels such as renewable natural gas, LNG and bioethanol.
“Advanced biofuels will provide a strong impact for the green transition of the transportation sector and will furthermore support an even faster independence from Russian natural gas,” PensionDanmark’s chief executive Torben Möger Pedersen said in a statement.
The €40.6 billion Danish pension fund is a repeat investor with CIP’s sustainability-focused funds. It backed CIP’s first Energy Transition fund, launched in 2021 and targeting €2.25 billion; CIP’s fourth flagship renewables fund, which closed last year at €7 billion; CIP’s first developing markets renewables fund, which closed at €1 billion in 2019; and CIP’s third flagship renewables fund, which closed at €3.5 billion in 2017. CIP also launched a Green Credit vehicle earlier this year targeting €1 billion with investments from Singlife with Aviva and “a large Danish Pension fund”, according to a statement by CIP.