Copenhagen Infrastructure Partners (CIP) has raised DKK 30 billion (EUR 4 billion) for a new fund set to become the world's largest green infrastructure fund, writes Danish buiness media Finans.

The fund, which could end up significantly bigger, will invest up to DKK 100 billion (EUR 13.43bn) over the next three years.

"The other funds have performed above target, and with the portfolio we've lined up, we have some confidence that this one should do well, too," says Michael Hannibal, partner at CIP and former chief executive of Siemens Wind Power's offshore wind business.

With its new fund, CIP is going full-force into a hectic green investment race where, according to Bloomberg New Energy Finance, there are plans for global investments of USD 100 billion per year approaching 2030, Finans writes.