GlobeNewswire

2024-12-17 21:00

Copenhagen Infrastructure Partners acquires majority stake in ABO Energy’s wind and hydrogen project

ST. JOHN’S, Newfoundland and Labrador and COPENHAGEN, Denmark, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), has acquired a majority stake in Toqlukuti’k Wind & Hydrogen, a large-scale onshore wind and hydrogen project in Newfoundland & Labrador, Canada, from Germany-based renewable energy developer ABO Energy. ABO Energy will stay actively engaged in the project as minority shareholder and co-developer.

Toqlukuti’k is expected to produce competitive green hydrogen and ammonia, driven by exceptional wind resources, existing infrastructure, and federal and provincial support. This combination of factors makes Newfoundland an attractive investment destination which is well positioned to serve future European green energy demand.

In August 2023, the project received a Wind Application Recommendation Letter from the Ministry of Industry, Energy and Technology, awarding the exclusive right to pursue development on nominated Crown land. As part of its Crown land bid submission, the project has signed a memorandum of understanding (MOU) with Miawpukek First Nation and has received numerous letters of support from communities.

The name Toqlukuti’k (pronounced ‘dok-loo-gu-tik’) was determined together with Miawpukek First Nation and originates from the traditional Mi’kmaq language of the Miawpukek First Nation, meaning “working together”. The project is expected to generate more than 4,000 construction jobs and over 400 long term jobs during the operation phase, giving a boost to the local economy and employment.

Toqlukuti’k marks a second project in the partnership between CIP and ABO Energy, which also includes Canada’s largest onshore wind farm, Buffalo Plains. With a capacity of 495MW, Buffalo Plains will provide clean energy to approximately 240,000 households in Alberta, Canada, once fully operational.

Karlis Povisils, Partner at Copenhagen Infrastructure Partners, commented: “We are delighted to partner with ABO Energy once again to support and contribute to Canada’s journey towards a carbon-neutral future. With the wind speeds present in Atlantic Canada, we see that Toqlukuti’k has the potential to produce green hydrogen and ammonia at globally competitive prices.”

Karsten Schlageter, Managing Director at ABO Energy, shares: “Our ABO Energy team made great progress in developing this project, especially by working across two continents and with a new technology. This shows our ability to bring forward large scale projects that drive us towards Net Zero. With CIP as an experienced and financially strong development partner, we will successfully enter the next phase and bring Toqlukuti’k to realization.”

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages 12 funds and has to date raised approximately EUR 31 billion for investments in energy and associated infrastructure from more than 180 international institutional investors. CIP has approximately 500 employees and 14 offices around the world. For more information, visit www.cip.com.

About ABO Energy
ABO Energy (formerly known as ABO Wind) successfully develops and builds wind and solar energy projects. Founded in 1996, the Germany-based company has realized more than 5,500 megawatts of capacity to date and built around 2,500 megawatts of them. The company’s annual investment amounts to 500 million euros. More than 1,200 employees in 16 countries work with enthusiasm on the planning, financing, construction, operational management, and maintenance of plants for a sustainable energy supply. For more information, visit https://www.aboenergy.com/

For further information, please contact:
E-mail: media@cip.com

Oliver Routhe Skov, Head of Media Relations
Phone: +45 30541227
Email: orsk@cip.com

Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.com


Primary Logo

source: Copenhagen Infrastructure Partners

送禮活動浪接浪!想緊貼著數活動消息?即Like etnet Facebook專頁!► 立即讚好

人氣文章
最近7天
1
專訪 | 關稅戰 | 香港物流協會副會長梁庭彰:美物流商停收包裹對跨境電商打擊重大
2
收市短打 | 楊韻銳:港股升勢有成交配合 惟留意關鍵阻力位!
3
港股 | 午市前瞻 | iPhone SE難救中國市場 專家提醒比電已超買
4
高息定存 | 一周高息合集,蛇年定存金蛇起舞,1個月定存高達8厘
5
港股 | 午市前瞻 | AI應用概念炒作有錢途 下階段部署邊隻好?
6
港股 | 蕭猷華:恒指短線回調,中線繼續看好
7
AI | DeepSeek日活躍用戶達二千萬,據報在港設兩公司
8
神州經脈 | 多國限制用DeepSeek,美郵政恢復收中港包裹
9
iPhone SE 4或於本周內上架官網
10
關稅戰 | 觸發避險金價屢創新高看3000美元,應揀買金礦股抑或黃金ETF?
1
高息定存 | 6個月港元定存3.8厘新高,188日快閃優惠3.68厘
2
港股 | 蕭猷華:內地AI發展迅速,阿里巴巴股價看俏
3
高息定存 | 一周高息合集,銀行高息搶存,富邦1個月4.88厘,華僑1年期3.6厘
4
英偉達 | DeepSeek衝擊AI晶片行業結構 英偉達暴跌仍未急抄底
5
高息定存 | 花旗3個月港元定存息加至4厘,信銀國際3.88厘
6
環球央行 | 歐洲央行宣布再次減息0.25厘,符合市場預期
7
一本萬利 | 2025年的五個「勿」(有片)
8
互聯支付 | 黃俊碩:轉數快與IBPS互聯支付所產生的發展契機
9
啟德體育園明天足球賽測試,4.4萬公僕參與涉逾400萬車馬費
10
高息定存 | 華僑銀行推新春港元定存優惠,88天或188天享3.68厘
11
電騙 | 黃俊碩:多管齊下,防治內地留學生受騙
12
易經看世界 | 乙巳蛇年趨吉五招:言行注意甚麼?應遠離甚麼人?(有片)
13
【FOCUS】去年貿易順差破紀錄,中國擴消費增緊迫感
14
專訪|洪灝:美股更大跌幅在前面,恐需習慣4%通脹(有片)
15
【FOCUS】侵侵就職倒數一周,美元及油價劇本臨揭盅
16
習近平應約與特朗普通電話,特:冀盡快與習見面
17
洪灝專訪 | 淘寶衝擊巨大,港樓價未反映大周期拐點(有片)
18
新世界 | 摩通:新世界若債務違約或打開行業「潘朵拉盒子」
19
雷賢達觀點 | 香港篇:恒指年波幅料六千點,港須全面融入大灣區
20
【FOCUS】螺絲殼裏做道場,DeepSeek致勝啟示
21
專訪 | 關稅戰 | 香港物流協會副會長梁庭彰:美物流商停收包裹對跨境電商打擊重大
22
大S | 台灣藝人徐熙媛因流感併發肺炎逝世,享年48歲
23
高息定存 | 一周高息合集,部分銀行逆市加息,南商3個月加至3.8厘
24
加州山火造成超500億美元損失,大量房主未買保險
25
DeepSeek推出即上蘋果中國區榜首,能力直追OpenAI
26
港股 | 蕭猷華:春節假後,恒指逐步上望21000點
27
收市短打 | 楊韻銳:港股升勢有成交配合 惟留意關鍵阻力位!
28
特朗普就職 | 特朗普上台後行動列表
29
港股 | 午市前瞻 | iPhone SE難救中國市場 專家提醒比電已超買
30
馬斯克明拆特朗普台,指其星際之門計劃「假大空」
專業版
HV2
精裝版
SV2
串流版
IQ 登入
強化版
TQ
強化版
MQ

【etnet 30周年】多重慶祝活動一浪接一浪,好禮連環賞!

【蛇年行大運 新年好賞「飾」】etnet賞太歲開運趨吉避凶神器

etnet榮獲HKEX Awards 2023 「最佳證券數據供應商」大獎

貨幣攻略

大國博弈

說說心理話

聖誕新年特輯

Watch Trends 2024

北上食買玩

Art Month 2024

流感高峰期

山今養生智慧

輕鬆護老