CIP acquires majority stake in Elgin Energy with £250M investment, targeting IPP transformation.

Copenhagen Infrastructure Partners (CIP), a leading global renewable energy investor, acquires a majority stake in Elgin Energy, a UK-based solar energy company, with a £250 million investment. The partnership aims to transform Elgin into an Independent Power Producer (IPP), expanding its team and pipeline in various markets. Elgin Energy, founded in 2009, has a pipeline of 15GW+ projects across the UK, Ireland, and Australia, focusing on solar PV and storage.