Latest news with #NischalAgarwal
Associated Press
28-04-2025
- Business
- Associated Press
Copenhagen Infrastructure Partners to partially divest Coalburn 1
COPENHAGEN, Denmark, April 28, 2025 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure IV (CI IV), has signed an agreement to divest a 50% ownership stake, upon site commissioning, to AXA IM Alts, a global leader in alternative investments. Coalburn 1 is a 500MW, 2-hour duration, lithium ion battery energy storage system (BESS), located in South Lanarkshire, in southern Scotland. CIP took a financial investment decision for Coalburn 1 in December 2023 and will continue to lead Coalburn 1 project delivery through its current construction phase, and beyond the site's commissioning which is expected in early 2026. The project has a high level of contracted revenues through a 10-year optimisation agreement with SSE, alongside a 15-year capacity market agreement. Coalburn 1 is one of three transmission-connected BESS assets currently being constructed by CIP in Scotland, which collectively will have a total power capacity of 1.5GW and will be able to store and supply the grid with a total of 3GWh of electricity, enough to supply over 4.5mn households for two hours. CIP is developing a further 4.5GW of BESS project across Scotland and England. Coalburn 1 is part of an expanding CIP portfolio of UK energy infrastructure investments – CIP's CI V flagship fund recently announced that it exceeds the fund size of EUR 12 billion and invests in a range of renewable technologies from wind and solar PV to energy storage across Europe (including the UK), North America and Asia Pacific. CIP's portfolio of battery projects across the US, UK, Europe and Australia makes the company one of the leading investors of battery storage projects globally. Nischal Agarwal, CIP Partner, said: 'As CIP's development and construction portfolio of UK BESS projects continues to progress and grow, we look forward to welcoming AXA IM Alts as a new partner on our Coalburn 1 site, which once commissioned in 2026 shall be Europe's biggest operational BESS project. The delivery of Coalburn 1, alongside CIP's Coalburn 2 and Devilla construction projects, will improve the UK's energy security, enable more low cost renewables to be delivered, and will act to reduce costs for British consumers through enhanced system flexibility.' Mark Gilligan, Head of Infrastructure, AXA IM Alts, commented: 'Our investment in Coalburn 1 marks a significant milestone as we enter the UK energy storage market, reinforcing our commitment to supporting the transition to a zero carbon economy. Battery storage infrastructure is critical to achieving national energy security and unlocking the full potential of renewable energy, and we look forward to working with experienced leaders of the sector to deliver resilient, long-term value for communities, our investors and the environment.' CIP's agreement to partially divest a stake in Coalburn 1 benefited from advice given by Ashurst (Legal Advisers: ) and RBC Capital Markets (Financial Advisers: ). About Copenhagen Infrastructure Partners Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world's largest dedicated fund manager within greenfield energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X. In the UK, CIP is investing in over 25 GW of renewable energy infrastructure, representing over £40 Billion of future investment potential. CIP manages 13 funds and has to date raised approximately EUR 32 billion for investments in energy and associated infrastructure from approximately 180 international institutional investors. CIP has projects in more than 30 countries and more than 2500 employees across platforms and projects globally. For more information, visit About AXA IM Alts AXA IM Alts is a global leader in alternative investments with €186 billion of assets under management[1] comprising c.€81 billion of primarily private real estate, over €93 billion of private debt and alternative credit, as well as c.€12 billion in Infrastructure and private equity. We take a 360° approach to real estate & infrastructure investing with €126 billion of assets under management in direct opportunities, held indirectly through debt and listed equities and via long term private equity investments into operating platforms. ESG is fully integrated into our investment decision making processes with our responsible investment approach anchored by the three key pillars of decarbonisation, resilience and building tomorrow. AXA IM Alts employs over 980 people located in 17 offices around the world and serves the needs of over 640 clients from Europe, North America, Asia Pacific and Middle East. We are the number one property portfolio and asset manager in Europe, and one of the largest worldwide [2]. AXA IM Alts is a business unit of AXA Investment Managers. 1 Source: AXA IM Alts data (unaudited) as at 31 December 2024. 2 Highest-ranked Real Estate Manager in the European Union according to IPE's Global Top 150 Real Estate Investment Managers, based on total value of real estate assets under management, November/December 2024. Visit our websites and For further information, please contact: E-mail: [email protected] Oliver Routhe Skov, Head of Media Relations Phone: +45 30541227 Email: [email protected] Thomas Kønig, Partner – Global Head of Fundraising and Partner – Investor Relations Phone: +45 7070 5151 Email: [email protected]
Hamilton Spectator
28-04-2025
- Business
- Hamilton Spectator
Copenhagen Infrastructure Partners to partially divest Coalburn 1
COPENHAGEN, Denmark, April 28, 2025 (GLOBE NEWSWIRE) — Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure IV (CI IV), has signed an agreement to divest a 50% ownership stake, upon site commissioning, to AXA IM Alts, a global leader in alternative investments. Coalburn 1 is a 500MW, 2-hour duration, lithium ion battery energy storage system (BESS), located in South Lanarkshire, in southern Scotland. CIP took a financial investment decision for Coalburn 1 in December 2023 and will continue to lead Coalburn 1 project delivery through its current construction phase, and beyond the site's commissioning which is expected in early 2026. The project has a high level of contracted revenues through a 10-year optimisation agreement with SSE, alongside a 15-year capacity market agreement. Coalburn 1 is one of three transmission-connected BESS assets currently being constructed by CIP in Scotland, which collectively will have a total power capacity of 1.5GW and will be able to store and supply the grid with a total of 3GWh of electricity, enough to supply over 4.5mn households for two hours. CIP is developing a further 4.5GW of BESS project across Scotland and England. Coalburn 1 is part of an expanding CIP portfolio of UK energy infrastructure investments – CIP's CI V flagship fund recently announced that it exceeds the fund size of EUR 12 billion and invests in a range of renewable technologies from wind and solar PV to energy storage across Europe (including the UK), North America and Asia Pacific. CIP's portfolio of battery projects across the US, UK, Europe and Australia makes the company one of the leading investors of battery storage projects globally. Nischal Agarwal, CIP Partner, said: 'As CIP's development and construction portfolio of UK BESS projects continues to progress and grow, we look forward to welcoming AXA IM Alts as a new partner on our Coalburn 1 site, which once commissioned in 2026 shall be Europe's biggest operational BESS project. The delivery of Coalburn 1, alongside CIP's Coalburn 2 and Devilla construction projects, will improve the UK's energy security, enable more low cost renewables to be delivered, and will act to reduce costs for British consumers through enhanced system flexibility.' Mark Gilligan, Head of Infrastructure, AXA IM Alts, commented: 'Our investment in Coalburn 1 marks a significant milestone as we enter the UK energy storage market, reinforcing our commitment to supporting the transition to a zero carbon economy. Battery storage infrastructure is critical to achieving national energy security and unlocking the full potential of renewable energy, and we look forward to working with experienced leaders of the sector to deliver resilient, long-term value for communities, our investors and the environment.' CIP's agreement to partially divest a stake in Coalburn 1 benefited from advice given by Ashurst (Legal Advisers: ) and RBC Capital Markets (Financial Advisers: ). About Copenhagen Infrastructure Partners Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world's largest dedicated fund manager within greenfield energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X. In the UK, CIP is investing in over 25 GW of renewable energy infrastructure, representing over £40 Billion of future investment potential. CIP manages 13 funds and has to date raised approximately EUR 32 billion for investments in energy and associated infrastructure from approximately 180 international institutional investors. CIP has projects in more than 30 countries and more than 2500 employees across platforms and projects globally. For more information, visit About AXA IM Alts AXA IM Alts is a global leader in alternative investments with €186 billion of assets under management[1] comprising c.€81 billion of primarily private real estate, over €93 billion of private debt and alternative credit, as well as c.€12 billion in Infrastructure and private equity. We take a 360° approach to real estate & infrastructure investing with €126 billion of assets under management in direct opportunities, held indirectly through debt and listed equities and via long term private equity investments into operating platforms. ESG is fully integrated into our investment decision making processes with our responsible investment approach anchored by the three key pillars of decarbonisation, resilience and building tomorrow. AXA IM Alts employs over 980 people located in 17 offices around the world and serves the needs of over 640 clients from Europe, North America, Asia Pacific and Middle East. We are the number one property portfolio and asset manager in Europe, and one of the largest worldwide [2]. AXA IM Alts is a business unit of AXA Investment Managers. 1 Source: AXA IM Alts data (unaudited) as at 31 December 2024. 2 Highest-ranked Real Estate Manager in the European Union according to IPE's Global Top 150 Real Estate Investment Managers, based on total value of real estate assets under management, November/December 2024. Visit our websites and
The Independent
25-02-2025
- Business
- The Independent
Group planning 10 wind farms across Wales gets £600 million investment
A plan for a string of 10 major wind farm projects across Wales got a boost on Tuesday after its developers received a £600 million investment from a renewables fund. The projects include Twyn Hywel wind farm, which was given planning permission last year, and will generate enough power for 81,000 homes when completed. The investment has come from Copenhagen Infrastructure Partners, which is taking a stake in the companies hoping to build the wind farms, Bute Energy and Green GEN Cymru. Nine more wind farms are still awaiting planning permission, forming part of a £3 billion onshore wind portfolio. Ed Miliband, the energy secretary, said it is a 'significant investment and a vote of confidence' for the Government's clean energy plans. If it is allowed to build them all, Bute Energy's entire portfolio of planned energy projects will generate enough power for 2.25 million homes by 2030. It comes after Labour started a massive push towards wind and solar energy in recent months to make the UK less dependent on global gas prices. The policy is designed to reduce carbon emissions from the power grid by 95% by the end of this decade. Nischal Agarwal, partner at CIP, said the investment 'reflects our confidence in the Welsh renewable sector to deliver much needed infrastructure to Welsh homes and businesses, to play a full role in meeting national renewable energy targets'. Bute Energy and Green GEN Cymru said their projects are in response to the Welsh Government's plan for the country's entire electricity consumption to come from renewable sources by 2035. Bute Energy's projects aim to meet 25% of this target – bosses say they could create up to 2,000 jobs. Managing director of Bute Energy, Stuart George, added that the company hopes to have six of the projects on 'the Cabinet Secretary's desk' for decision by this summer.
Yahoo
20-02-2025
- Business
- Yahoo
Former coal mine to be transformed into revolutionary new energy source — here's how it could power 3 million homes
Two large, grid-supporting battery storage facilities have been approved in Scotland, according to the BBC. Billed as Europe's largest such effort, perhaps of most interest is the fact that part of the installation will be on the site of a former coal mine, a representation of the country's transition to cleaner, renewable energy. Around 90% of Scotland's electricity is generated using wind, sun, and nuclear power, per the BBC. "Battery storage, which is well located … enhances energy security, provides the grid with much-needed flexibility and enables low-cost renewables to be deployed faster," Nischal Agarwal, regional lead of project developer Copenhagen Infrastructure Partners, said in a news release. The packs are crucial to renewable energy's success, as they can store the power for later use, making it available during peak demand. The saved juice also offers blackout protection, a growing concern in some places. Euronews reported that more than 30% of global electricity is generated by renewables. Tesla's Megapacks are an example of the tech being used to hold some of it. While the latest projects are a good start, energy experts estimate the United Kingdom needs to add six times more battery storage capacity by the end of the decade to meet energy demand flow across the U.K., the BBC reported. Another project, Devilla, is planned near Kincardine. The three locations will be able to power 4.5 million homes for two hours, according to CIP. The new locations will cost about $998 million, the release continued. The investment can go a long way to reducing heat-trapping air pollution, linked by NASA to a growing risk of severe weather events, including coastal storms and wildfires. The Coalburn project will be charged by wind turbines, and the packs are set to be online later this year. It's all part of the United Kingdom's goal of reaching the often-touted "net zero" mark by 2050, the BBC reported. The United Nations described net zero as reducing planet-warming air pollution to amounts that can be naturally absorbed safely in the environment. It's a goal companies and governments often include in strategic plans but sometimes fail to take sufficient action to reach. As citizens and consumers, we can help by staying educated on the progress. The knowledge can help you to make informed decisions when you vote and shop. When you're buying a kitchen appliance, which of these factors is most important to you? Price Safety Effectiveness Style and appearance Click your choice to see results and speak your mind. In Scotland, the BBC reported that the work order also includes a nine-turbine wind project, set to be complete by 2027. "By helping to supply reliable and secure power to our homes and businesses, well-located storage systems, such as batteries and pumped hydro storage, can move us closer to net zero and directly support the communities around them," Scotland First Minister John Swinney told the BBC. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
