A new major player in the European renewable energy sector has officially launched today following the completion of Copenhagen Infrastructure Partners’ (CIP) acquisition of Ørsted’s European onshore business. Rebranding as Perigus Energy, the company will focus on developing, building, and operating onshore wind, solar, and battery storage projects across Ireland, Germany, the United Kingdom, and Spain.
The acquisition was facilitated through CIP’s fifth flagship fund, CI V. While the name and identity are new, Perigus Energy inherits a strong operational foundation, including a 200-strong workforce and a portfolio that currently generates enough clean electricity to power approximately 600,000 homes.
Perigus Energy enters the market with a total operational and under-construction capacity of 826 MW. This includes five projects currently being built in Ireland and Germany. The company’s commercial structure is anchored by a mix of government-backed support schemes and corporate power purchase agreements (CPPAs), with all existing contracts and partnerships remaining unaffected by the change in ownership.
The launch comes at a critical time for the continent, as market volatility continues to drive the demand for domestic, secure, and affordable green power.
“Perigus Energy combines a proven team, an established operating portfolio and a promising multi-gigawatt pipeline across core European power markets,” said Kunal Patel, Partner at CIP. “We are proud to support Perigus Energy as it accelerates the delivery of clean power, strengthening Europe’s energy security and independence.”
Headquartered in Cork, the company maintains a wide geographic footprint with offices in London, Edinburgh, Madrid, and several German cities, including Hamburg and Essen. The new leadership team intends to leverage CIP’s financial backing to unlock a multi-gigawatt, investment-ready pipeline.
Kieran White, CEO of Perigus Energy, noted that the business has evolved from the roots of an Irish farmer’s cooperative and a German family-run enterprise. “While our name is new, our people are experienced, and our mission the same,” White stated. “With Copenhagen Infrastructure Partners on board, we will enhance our delivery capability across our pipeline spanning onshore wind, solar and battery storage.”
The transition marks a significant milestone for CIP’s CI V fund and signals a period of accelerated growth for onshore renewables as Europe seeks to decouple its energy future from international market instability.
