Copenhagen Infrastructure Partners is nearing the close of fundraising for its CI V fund, the company said on March 14, 2025. About a third of the over €12 billion (1.95 trillion yen) committed is set to be invested in Japan, South Korea, Taiwan, Australia, and New Zealand.
“None of the FIDs taken to date are in Japan,” said Gordon White, a Partner at Copenhagen Infrastructure Partners’ Tokyo office, in an email response to Japan Energy Hub. Globally, approximately 60% of the funds have already been allocated to projects through six final investment decisions.
The fund plans to allocate capital evenly across three segments: offshore wind, onshore wind and solar, and “niche,” which include battery storage, pumped storage, geothermal, waste-to-energy, biomass, and other technologies. According to White, the company’s current pipeline in Japan includes development stage onshore and offshore wind projects.
Among other projects, Ministry of the Environment data shows that Hokkaido Offshore Wind Development, a 50:50 joint venture between a company associated with Copenhagen Infrastructure Partners and Mitsubishi Heavy Industries, started the environmental assessment process for an up to 585MW project off the coast of Shimamaki Village in 2022. In 2023, a 1.5GW project off the coast of Hiyama District followed.
“We are also actively exploring opportunities in battery storage and solar PV in Japan,” added White.
The fund is focused on four increasingly active areas of the renewables industry in Japan. Solar is seeing new development monetized through corporate PPAs, offshore wind is one of the key pillars of the country’s energy transition, and battery storage is being promoted to ensure the ability to balance the grid as non-dispatchable capacity grows.
