Folksamgruppen invests SEK 3bn in energy transition fund

Written by Adam Cadle

18/12/2024

Folksamgruppen has invested SEK 3bn in the Copenhagen Infrastructure Growth Markets Fund II.

The fund invests in the energy transition in the form of onshore and offshore wind power assets, solar parks and energy storage in more mature growth markets and growing middle-income countries.

Christina Grumstrup Sørensen, senior partner at Copenhagen Infrastructure Partners said: “We are grateful that Folksamgruppen has chosen to expand its partnership with CIP by investing in Growth Markets Fund II. Developing large-scale projects in renewable energy is especially important in fast-growing middle-income countries where energy demand is high and cost-effective renewable technologies make a big difference.

“Growth Markets Fund II is expected to add 10 GW of state-of-the-art green energy to the grid, avoid over 10 million tonnes of carbon dioxide emissions per year while promoting both local investment and job creation and delivering an attractive risk-adjusted return to our investors.”

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