SEB, a Swedish bank headquartered in Stockholm, agreed to invest in Copenhagen Energy Islands, a new development company launched by Copenhagen Infrastructure Partners that is dedicated to developing energy islands globally. Financial terms were not disclosed. "The energy transition and the scale-up of investments in offshore wind and other renewable energy sources is crucial if the world is to achieve net-zero emissions by 2050. As a bank, we have an important role to support the transition to a low-carbon society and we are very happy to now be able to invest in this important project," Kristian Skovmand, SEB Denmark Country Manager.