CIP acquires majority stake in Toqlukuti’k Wind & Hydrogen project
Author: PPD Team Date: 19/12/2024
Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), has acquired a majority stake in the Toqlukuti’k Wind & Hydrogen project, a large-scale onshore wind and hydrogen initiative in Newfoundland & Labrador, Canada.
The stake was purchased from Germany-based ABO Energy, which remains a minority shareholder and co-developer.
The project aims to produce green hydrogen and ammonia, leveraging Newfoundland’s wind resources, existing infrastructure, and provincial support.
CIP has been expanding its portfolio in wind and hydrogen. In October 2024, its Copenhagen Infrastructure V (CI V) fund partnered with Stiesdal Offshore to advance floating wind technology. Earlier in May 2024, CIP teamed up with Uniper via its Energy Transition Fund to focus on green hydrogen production, transport, and marketing.