Copenhagen Infrastructure Partners (CIP) Green Credit Fund I has signed a financing agreement with Capital Energy to provide a EUR70 million (US$74.03 million) holdco loan to finance the development of a 1 GW portfolio of onshore wind assets in Spain.

The loan will enable Capital Energy to facilitate the development and construction of the onshore wind portfolio, thereby advancing the company's strategic goal of becoming an independent power producer. The transaction marks the first investment by CIP’s newly established Green Credit Fund I.

The projects are distributed throughout Spain and are expected to be built and operational between 2023 and 2025.