Danish investment fund Copenhagen Infrastructure Partners (CIP) has officially confirmed its strategic move to establish a green hydrogen facility in the southeastern region of Mexico.
This announcement follows President Andrés Manuel López Obrador’s revelation of the project in a letter addressed to US President Joe Biden just two days prior.
“We can confirm that we are involved in a large-scale green hydrogen project in the Oaxaca region in Mexico. Further development will take place in collaboration with local authorities and partners. We will provide further updates as the project progresses,” CIP stated.
On August 16, López Obrador disclosed details from a letter sent earlier in the month to Biden, confirming his participation in the Asia-Pacific Economic Cooperation forum scheduled for November 15-17 in San Francisco.
As part of the letter, López Obrador extended an invitation to Biden to visit three projects in Mexico ahead of the summit. Among them is CIP’s hydrogen plant, which López Obrador described as being on the brink of commencement.
The green hydrogen plant’s purpose is to supply fuel for vessels at the port situated along the Pacific coast of the Tehuantepec isthmus rail corridor, connecting to the Gulf coast.
In June, CIP made headlines by acquiring a 26.67% stake in an extensive green hydrogen development portfolio owned by Australia’s CWP Global, a well-established developer with a remarkable track record of over 1.5GW of operational renewables and significant expansion plans within the hydrogen sector.
This diverse portfolio encompasses projects spanning across Africa, Australia, and the Americas. This strategic move allows CIP the opportunity to invest in CWP Global’s worldwide pipeline of green hydrogen hubs under various stages of development.