Linklaters advises lenders on financing of CIP’s acquisition of Ørsted’s European onshore business

Linklaters has advised the lenders on the financing of Copenhagen Infrastructure Partners’ (CIP) acquisition, through its flagship fund CI V, of Ørsted’s European onshore business.

CI V invests in energy infrastructure across a range of power generation technologies in North America, Europe, and Asia Pacific, and reached final close in March 2025 exceeding its target of EUR 12 billion.

Ørsted’s European onshore business comprises over 800 MW in operation and under construction and consists of an onshore portfolio of onshore wind, solar and BESS projects in Ireland, the UK, Germany, and Spain. As part of the transaction, CIP will also acquire a multi gigawatt development pipeline.

Completion of the transaction is subject to regulatory approvals and is expected to occur in mid 2026.

This mandate builds on Linklaters’ market leading track record advising on energy transition transactions globally. The firm has supported private capital clients on many of the most significant and innovative acquisitions, developments and financings in the sector, helping to structure and deliver complex transactions that accelerate the shift to a low carbon economy.

The Linklaters team was led by Energy & Infrastructure partners Richard Ginks and Nick Szmigin, with managing associate Jamie McPhie and associate Luke Wilson.

Nick Szmigin commented: “This transaction represents a strategically important financing for CIP as it acquires Ørsted’s European onshore platform. It highlights the continued appetite of our clients to finance complex, large scale energy transition assets across Europe. It also underlines Linklaters’ strength in delivering innovative financing structures that help accelerate the transition to a low carbon economy.”