Copenhagen Infrastructure Partners (CIP) claims to have entered one of the first power price hedges with a financial institution for a US solar project. The fund management company said the agreement concerned a 240 MW Misae scheme in Texas, on which it has started construction, along with a 58 MW project in Utah. CIP is also working with an unnamed European bank and two Chinese banks that are financing projects in California and Texas.
Copenhagen Infrastructure Partners (CIP) claims to have entered one of the first power price hedges with a financial institution for a US solar project. The fund management company said the agreement concerned a 240 MW Misae scheme in Texas, on which it has started construction, along with a 58 MW project in Utah. They are the first two schemes from its 1.1 GW portfolio that have reached that stage.