COPENHAGEN, Aug 26 (Reuters) - Norway's sovereign wealth

fund said on Monday it will commit 900 million euros ($1.01

billion) to the latest renewable energy fund of investment firm

Copenhagen Infrastructure Partners (CIP).

Norges Bank Investment Management (NBIM) committed the sum

to CIP's fifth flagship fund CI V, which invests in offshore and

onshore wind, solar farms, grid and distribution, as well as

storage, the world's largest sovereign wealth fund said in a

statement.

NBIM, which has assets of $1.7 trillion, invests revenue

from Norway's oil and gas industry in global stocks, fixed

income, real estate and renewable energy assets.

"(This deal) will provide further investment possibilities

and exposure to other parts of the value chain, as well as the

opportunity to continue building knowledge and experience with

new markets and technologies," the NBIM said.

CIP expects to conclude fundraising for CI V above the

target fund size of 12 billion euros. It reached a first close

at 5.6 billion euros in capital commitments in June last year,

according to its website.

"The commitment underlines that our ability to deliver

attractive risk-adjusted returns, while providing clean,

affordable energy and creating local growth and jobs, is

attractive to the world's largest and most ambitious investors,"

CIP said in an emailed statement.

The investments will be equally split between the three

regions of North America, Western Europe and developed countries

in the Asia Pacific region, NBIM said.

($1 = 0.8945 euros)