Copenhagen Infrastructure Partners (CIP) has taken a significant step in the renewable energy sector by acquiring a majority stake in the Toqlukuti’k Wind & Hydrogen project.
This project is located in Newfoundland & Labrador, Canada and represents a large-scale initiative in onshore wind and hydrogen energy. The acquisition was made possible through CIP’s Energy Transition Fund, signaling their commitment to investing in sustainable energy resources.
The stake in the Toqlukuti’k project was purchased from ABO Energy, a Germany-based renewable energy developer. Despite the sale, ABO Energy will remain an active participant as a minority shareholder and co-developer, ensuring their continued influence and expertise are leveraged in the project’s ongoing development.
The project’s primary aim is to produce green hydrogen and ammonia, tapping into its substantial wind resources. This venture will not only utilize existing infrastructure but also benefit from provincial backing. Newfoundland is recognized for its favorable investment conditions in the renewable sector, making it an appealing location for such projects.
