Copenhagen Infrastructure Partners (CIP) has launched the Growth Markets Fund II (GMF II), aimed at developing clean energy projects in high-growth middle-income markets across Asia, Latin America, and EMEA. The fund, with a target size of $3 billion, is expected to enable over 10 GW of new renewable energy capacity. GMF II comes as emissions from middle-income markets are projected to rise significantly, necessitating a tripling of renewable energy capacity by 2030 to achieve net-zero goals. The fund, focusing on greenfield renewable energy investments, has potential ownership in a diversified portfolio of development-stage projects exceeding $5 billion. It aims to contribute to growth, job creation, and substantial carbon emissions reduction. Selected markets include India, Vietnam, the Philippines, Mexico, and South Africa.
By FCCT Editorial Team

