CIP acquires Orsted onshore unit, launches Perigus Energy with 826MW capacity

In brief

The article reports that Copenhagen Infrastructure Partners (CIP) has completed the acquisition of Ørsted’s European onshore business and relaunched it as Perigus Energy, creating a standalone renewable platform with 826MW of combined operating and under-construction capacity. Of that total, 578MW is already operational and 248MW of wind and solar capacity is under construction, while the company also holds a multi-gigawatt development pipeline. PV Tech says the deal was valued at €1.44 billion, and that CIP executed it through its fifth flagship fund, CI V. The new business is focused on onshore wind, solar, and battery storage across Ireland, Germany, the UK, and Spain, positioning Perigus as a significant new platform in the European onshore renewables market.

The article also emphasizes continuity and expansion rather than disruption. Perigus Energy, headquartered in Cork, has five additional projects under construction in Ireland and Germany, and the company says its workforce, operations, existing government-backed support schemes, and corporate power purchase agreements will all remain unchanged under the new ownership. CEO Kieran White describes the launch as the next phase in a long-running renewable energy story, while framing Europe’s volatile energy environment as a reason to speed up investment in secure, domestically produced green power. The overall message is that CIP is not simply buying assets, but building a dedicated growth platform intended to accelerate deployment across a mature portfolio and a larger pipeline of investment-ready renewable projects.

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Source: https://www.pv-tech.org/cip-acquires-orsted-onshore-unit-launches-perigus-energy-with-826mw-capacity/