CIP Launches Perigus Energy After Acquiring Ørsted Onshore Renewables Portfolio
Danish infrastructure investor Copenhagen Infrastructure Partners (CIP) has completed the acquisition of Ørsted’s European onshore wind and solar business, establishing a new independent company named Perigus Energy, according to industry reports.
The newly formed platform has an installed and under-construction capacity of 826 MW, and operates across Ireland, Germany, the United Kingdom, and Spain. The transaction was executed through CIP’s fifth flagship fund, CI V.
Perigus Energy brings together a portfolio of onshore wind, solar, and battery storage assets, including:
- 578 MW of operational capacity
- 248 MW under construction
- A broader multi-gigawatt development pipeline
The platform is expected to supply renewable electricity equivalent to the consumption of approximately 600,000 European households, based on current operational output.
The company will operate as a standalone entity headquartered in Cork, Ireland, with additional offices across several European countries.
The acquisition follows Ørsted’s decision to streamline its business model and focus primarily on offshore wind development in Europe. The divestment of its onshore portfolio forms part of a wider restructuring of its renewable energy assets.
For CIP, the deal expands its footprint in the European renewable energy sector, adding an integrated platform combining development, construction, and operational capabilities across multiple technologies.
Perigus Energy’s operations are supported by a mix of:
- Government-backed subsidy schemes
- Corporate power purchase agreements (PPAs)
According to industry statements, all existing contracts and partnerships associated with the assets remain unchanged following the acquisition.
The company’s near-term focus will be on advancing its investment-ready pipeline, which includes additional wind, solar, and battery storage projects in key European markets.
The platform is led by CEO Kieran White, who described the company as the continuation of a long-standing renewable energy development history originating from Irish and German energy ventures.
CIP executives highlighted the acquisition as part of a broader strategy to scale renewable energy infrastructure across Europe amid rising demand for secure and low-carbon electricity supply.
Source: globenewswire.com
