In This Article:
Copenhagen Infrastructure Partners (CIP) has announced that its fifth flagship fund, CI V, has successfully surpassed its target of EUR 12 billion, demonstrating strong investor interest in greenfield energy infrastructure investments. The fund intends to support the energy transition by investing in a variety of technologies, including wind, solar PV, and battery storage, across low-risk OECD countries. CI V has already allocated 60% of its capital through six final investment decisions, with plans to potentially invest up to EUR 24 billion across over 50 development stage projects. This effort is expected to add 30 GW of new energy capacity to the global grid, addressing the rising demand driven by digitalization and electrification trends.
Elsewhere in the market, Enphase Energy was a notable mover up 9.8% and ending trading at $63.80. Meanwhile, Barito Renewables Energy trailed, down 5% to finish the session at IDR5,725.00.
Best Energy Transition Stocks
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Vistra settled at $126.29 up 1.5%.
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First Solar finished trading at $133.03 up 0.4%. Today, First Solar's CEO, Mark R. Widmar, presents at the Piper Sandler 25th Annual Energy Conference in Las Vegas.
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Tesla ended the day at $238.01 down 4.8%.
Key Takeaways
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Take a closer look at our Energy Transition Stocks list of 143 companies, such as 3i Group, GD Power DevelopmentLtd and Lite-On Technology, by clicking here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.