CohnReznick Capital Advises Copenhagen Infrastructure Partners in Raising Tax Equity for 477MW Solar Project
Copenhagen Infrastructure Partners (“CIP”), a global fund management company with over $19 billion of energy infrastructure assets under management, has closed on a $201MM tax equity financing for Project Fighting Jays, a 477MW solar project in Texas.
The project, held within the Copenhagen Infrastructure IV K/S fund, is strategically located within the desirable ERCOT Houston Zone and will provide much-needed clean energy to area residents and businesses.
CohnReznick Capital acted as the exclusive financial advisor to CIP on the transaction.
“We are thrilled to support a top-tier infrastructure fund like CIP as they continue to raise the bar with novel financing solutions for marquee renewable energy assets,” said Michael Tatarsky, Managing Director, CohnReznick Capital.
“Renewables are on the frontline of US energy independence,” said Conor McKenna, Senior Managing Director, CohnReznick Capital. “Projects like Fighting Jays are among the fastest and best ways to get us to that goal.”
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S is the world’s largest dedicated fund manager within greenfield renewable energy investments, and a leader in offshore wind globally. At COP26 CIP announced the ambition and a roadmap for increasing and accelerating its role in delivering on the energy transition by deploying EUR 100bn into green energy investments by 2030.
CIP manages nine funds and has approx. EUR 16 billion of assets under management focused on investments in energy infrastructure, including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, and other energy assets like Power-to-X. Today CIP’s funds have approximately 100 international institutional investors from the Nordics, Continental Europe, the UK, Israel, Asia, Australia, and North America and multi-lateral organizations such as EIB. CIP has approximately 300 employees and offices in Copenhagen, London, Hamburg, Utrecht, New York, Tokyo, Singapore and Melbourne. For more information on CIP, visit www.cip.dk.