Crédit Agricole CIB closes €1.4bn financing for CIP’s Ørsted onshore acquisition

Crédit Agricole CIB successfully reached financial close on 30 April 2026 on the c. EUR 1.4bn underwriting financing supporting Copenhagen Infrastructure Partners (CIP) in their acquisition of Ørsted's European onshore platform, now rebranded as Perigus Energy.

The transaction brings together a portfolio with more than 800MW in operation and under construction assets, alongside a multi-gigawatt development pipeline across Ireland, the UK, Germany and Spain. The acquisition adds a fully integrated, multi-technology onshore renewable business, enabling CIP to accelerate renewable energy deployment across Europe.

Crédit Agricole CIB acted as Underwriter, Mandated Lead Arranger, Bookrunner, Deal Contingent Hedge (DCH) and hedge provider on this transaction. Its 50% underwriting commitment, combined with the provision of a Deal Contingent Hedge solution to manage interest rate risk throughout the acquisition process, demonstrates the Bank’s ability to support large-scale, complex and tailored acquisition financings in the power sector, through comprehensive financing solutions that address the full spectrum of client needs.

The underwriting group achieved a successful syndication process, supported by strong lender appetite for the portfolio's diversification across four core European markets and multiple technologies, combined with robust contractedness over the debt tenor.

CIP, a well-known energy infrastructure investor and High Value client of the Bank, had a strategic interest in acquiring Ørsted's European onshore platform to add a fully integrated, multi-technology onshore business to its portfolio. Crédit Agricole CIB was shortlisted following a competitive process, based on its relationship with CIP, ability to provide a large underwrite, and capacity to meet the proposed transaction timelines.

This transaction represents a significant contribution to Europe's energy transition objectives and aligns directly with Crédit Agricole CIB's strategic commitment to supporting the decarbonisation of the energy sector. The transaction supports the scaling of proven renewable technologies across four key European markets, facilitating the continued build-out of onshore wind, solar PV and battery storage infrastructure essential to achieving net-zero emissions goals.