The strategy will focus on greenfield investments within large-scale renewable energy infrastructure supporting net zero, energy security, and affordability. Underlying investments are characterized by a mix of long-term, stable, and predictable cash flows and growth. With low correlation of project cash flows to the business- and capital markets cycle(s). The strategy expects to make +30 investments providing diversification across both geographies and technologies.

The Growth Market Funds focus on investments in large-scale and complex greenfield renewable energy infrastructure projects in high-growth middle-income markets with strong fundamentals for renewable development and significant impact potential. The funds target high-growth middle-income markets across Asia, Latin America and EMEA with strong fundamentals for renewable energy infrastructure investments with a combination of high economic and demographic growth including an expanding middle class leading to an accelerating electricity demand.

CI ETF is the largest dedicated clean hydrogen fund globally and has ~6.5GW of electrolysers in its base case portfolio. It invests in next generation renewable energy infrastructure including industrial scale Power-to-X (PtX) projects and enables institutional investors to participate in the decarbonization of the so-called hard to abate industries such as shipping, steel production, and agriculture through the use of green fuels and feedstock and CO2-free fertilizers. The strategy primarily focuses on greenfield projects in Western Europe, North America, Australia and developed Asian countries. Besides PtX the fund may invest in advanced biofuels, carbon capture and utilization/storage (CCU/S), and other infrastructure technologies, applications, and solutions to decarbonize industries and transportation. Energy Transition

CI Advanced Bioengergy focuses on equity investments in advanced bioenergy infrastructure in Europe and North America and enables institutional investors to contribute to the energy transition and participate in the decarbonization of hard to abate sectors through the production of advanced biofuels and biogas. Investments will be based on sustainable feedstock such as waste wood, agricultural biowaste, and household and industrial biowaste. The offtake products will include green gas and green fuels, such as renewable natural gas (RNG), liquified natural gas (bio-LNG), and 2nd generation bioethanol.

GMF II will focus on investments in large-scale and complex greenfield renewable energy infrastructure in high-growth middle-income economies with strong fundamentals of renewable development and significant impact potential. The primary markets currently comprise the following: Asia Pacific (incl. India, Indonesia, Philippines, Thailand, and Vietnam), the Americas (incl. Brazil, Chile, Colombia and Mexico), and EMEA (incl. Greece and South Africa, Bulgaria, Croatia, Poland, Romania, together with Estonia, Latvia, and Lithuania). CIP aims to de-risk a project before a significant amount of capital is deployed following the final investment decision (“FID”). Initially (i.e. during early stage development) the business case is uncertain with unknowns (e.g. permitting timeline, grid connection), but also a high degree of optionality. Prior to taking FID, there is typically limited capital deployed, as construction (very capital intensive) has not yet begun. The major costs are therefore generally attributed to labour (to de-risk and optimise milestones. At the time of FID, CIP regards uncertainty as being low as all main contracts are signed, and the project and investment is exposed to investment risks inherently related to contracted energy infrastructure (real assets) and a value-add strategy (industrial value creation and exits). The GMF II fund has a develop-build-and-exit strategy and a fund term of 15 years.