COPENHAGEN (Reuters) - Fund management firm Copenhagen Infrastructure Partners (CIP) said on Tuesday it had started what it expects will be the world's largest fund for renewable energy infrastructure as it targets investments worth 100 billion crowns ($15.22 billion).
CIP, founded by former Orsted (CO:ORSTED) executives, said institutional investors had so far pledged to invest 11 billion crowns - called CIP IV - and expects commitments to increase to 40-50 billion.
($1 = 6.5702 Danish crowns)