Copenhagen Infrastructure Partners is joining forces with container shipping company Taiwan-based Evergreen Marine to explore carbon-neutral fuels in shipping that will support Taiwan's net-zero goals.
Copenhagen Infrastructure Partners manages 10 funds and has raised €25 billion ($26.5 billion) from more than 150 international institutional investors, said an Oct. 20 release announcing the memorandum of understanding for investments through CIP's Energy Transition Fund.
CIP said it is the world's largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind; partner Felix Pahl described the energy transition fund as the world's largest fund dedicated to investing and developing advanced energy technology supporting the transition to renewable energy, according to the release.
Evergreen has more than 200 container vessels deployed around the world. Its 2050 net-zero goal aligns with the International Maritime Organization's target for shipping of net-zero carbon emissions. New orders include methanol dual-fuel vessels.
The Evergreen partnership with CIP to explore greener fuel sources for shipping will include offshore wind production in Taiwan and other sources such as e-ammonia and e-methanol, the release said.
Taiwan controls about 10% of the world's container shipping fleet and plays a central role in global supply chains, it said.
CIP is already developing several offshore wind farms in Taiwan, where there is growing government support for decarbonization, the release said.