Founded in 2012, CIP manages 10 funds with an aggregate value of nearly 20 billion euros, investing in onshore and offshore wind as well as other technologies.
Receiving the necessary permits to build new renewable power plants can often take several years, she explained, making it harder to plan and reach necessary supply agreements. Still, costs are an important factor and negotiations with suppliers were now taking longer, she added.CIP is also able to buffer rising costs by adjusting the pricing of power purchase agreements with companies looking to off-take the production.
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