Copenhagen Infrastructure Partners (CIP) has completed the acquisition of Ørsted's European onshore platform, leading to the launch of Perigus Energy, a new player in the European onshore renewable energy sector. Operating in Ireland, Germany, the United Kingdom, and Spain, Perigus Energy currently manages 826 MW of operational and under-construction capacity, with a pipeline poised for substantial growth. The company aims to support Europe's energy transition by developing, building, and operating projects in wind, solar, and battery storage, delivering reliable electricity to approximately 600,000 homes. This strategic move by CIP underscores the continued growth and investment in renewable energy infrastructure within Europe, aiming to enhance energy security and reduce reliance on fossil fuels.

• Ørsted (CPSE:ORSTED) last closed at DKK168.15 down 1.1%.

In other trading, Sanil Electric (KOSE:A062040) was trading firmly up 25.4% and ending the day at ₩333,500, close to the 52-week high. Meanwhile, Fiberhome Telecommunication Technologies (SHSE:600498) lagged, down 9.4% to close at CN¥46.68.

Best Energy Transition Stocks

• Equinor (OB:EQNR) closed at NOK376.60 up 1.3%.
• GE Vernova (NYSE:GEV) finished trading at $1,073.95 up 1%.
• Tesla (NasdaqGS:TSLA) ended the day at $392.51 up 0.4%.

Where To Now?

• Click through to start exploring the rest of the 191 Energy Transition Stocks including Ming Yang Smart Energy Group, SD Guthrie Berhad and Brookfield now.
• Interested In Other Possibilities? The end of cancer? These 31 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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