• Perigus Energy starts with 826 MW of operational and under construction onshore wind, solar and battery storage assets across Europe.
• The platform will operate in Ireland, Germany, the United Kingdom and Spain, with five further projects under construction.
• Its commercial base includes government backed support schemes and corporate power purchase agreements, giving investors contracted exposure to European clean power demand.

Copenhagen Infrastructure Partners has completed its acquisition of Ørsted’s European onshore renewables business and relaunched the platform as Perigus Energy, creating a new independent player in Europe’s power market.

The acquisition was made through CIP’s fifth flagship fund, CI V. The deal gives Perigus Energy an established portfolio across onshore wind, solar and battery storage, at a time when Europe is still recalibrating energy policy around security, affordability and decarbonization.

The company will develop, build and operate projects in Ireland, Germany, the United Kingdom and Spain. Its current portfolio already supplies enough clean electricity to power about 600,000 European homes. In addition, five projects are under construction in Ireland and Germany.

Perigus Energy starts life with 826 MW of operational and under construction capacity. That base is supported by a mix of government backed support schemes and corporate power purchase agreements. As a result, the company enters the market with contracted revenues and exposure to rising demand for domestic clean power.

CIP said all existing contracts, partners and counterparties remain unaffected by the transaction.

A Platform Built For Europe’s Power Shift

The launch comes as European governments continue to push domestic renewable generation higher on the policy agenda. Russia’s war in Ukraine, gas price shocks and grid constraints have all reinforced the need for local power supply. For investors, the focus is now moving from headline capacity targets to execution, permitting, grid access and bankable revenue models.

Perigus Energy is built from assets and teams formerly housed inside Ørsted’s European onshore business. The company brings together decades of delivery experience across multiple markets and technologies.

Its leadership says the next phase will focus on converting a multi gigawatt, investment ready pipeline into new capacity. That pipeline spans onshore wind, solar and battery storage, which are increasingly treated as linked infrastructure rather than separate asset classes.

For C suite leaders, the message is direct. European clean power is no longer only a sustainability target. It is now part of energy procurement, inflation management and long term industrial resilience. For investors, the platform offers exposure to contracted assets and future development in core European power markets.

CIP Backs Expansion Across Core Markets

Kunal Patel, Partner of CIP, said: “Today marks the completion of an important transaction for CI V and a major milestone for continued growth in European onshore renewables. Perigus Energy combines a proven team, an established operating portfolio and a promising multi-gigawatt pipeline across core European power markets.

We are proud to support Perigus Energy as it accelerates the delivery of clean, reliable and affordable power – strengthening Europe’s energy security and independence, while delivering strong, risk-adjusted returns to our investors.”

The comments point to the dual mandate now shaping renewable infrastructure funds. Investors want stable, risk adjusted returns, while governments want faster deployment of domestic generation. Platforms with operating assets, development pipelines and in market teams are therefore becoming more attractive.

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Perigus Energy’s structure also reflects a wider shift in the sector. Corporate power purchase agreements are playing a larger role in financing clean energy projects, especially as large companies seek greater control over energy costs and Scope 2 emissions. At the same time, public support schemes remain important for lowering revenue risk and keeping projects financeable.

From Legacy Assets To New Identity

Kieran White, CEO of Perigus Energy, said: “Perigus Energy is a very exciting next chapter in a long running renewable success story which has evolved from the origins of an Irish farmer’s cooperative and a German family-run business. And so, while our name is new, our people are experienced, and our mission the same.

The high volatility in international energy markets demonstrates clearly Europe’s need for secure, home-grown and green electricity. With Copenhagen Infrastructure Partners on board, we will enhance our delivery capability across our multi-gigawatt investment-ready pipeline spanning onshore wind, solar and battery storage. Together, we look forward to advancing renewables to power a secure energy future with care for both society, nature and our people.“

Perigus Energy is headquartered in Cork and has more than 200 people working across sites and offices in Regensburg, Lauf, Potsdam, Essen, Hamburg, London, Edinburgh and Madrid.

The platform’s launch adds another scaled renewables vehicle to Europe’s competitive onshore market. More importantly, it shows where capital is moving. Investors are looking for operating cash flows, strong teams and development pipelines that can support Europe’s energy independence.

For the region, the stakes are larger than one transaction. Europe’s clean power buildout now sits at the center of industrial policy, corporate energy strategy and climate delivery. Perigus Energy enters that market with assets in place, projects under construction and a mandate to turn pipeline into power.

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