Copenhagen Infrastructure Partners (CIP) has acquired a majority stake in the Toqlukuti’k Wind & Hydrogen project through its Energy Transition Fund (CI ETF I). This is a large-scale onshore wind and hydrogen project located in Newfoundland & Labrador, Canada. The stake was acquired from Germany-based renewable energy developer ABO Energy, which will remain involved as a minority shareholder and co-developer of the project.
Furthermore, Toqlukuti’k project is expected to produce green hydrogen and ammonia by leveraging its wind resources, existing infrastructure, and provincial support. These factors make Newfoundland an attractive investment destination.
CIP has been investing in the wind and green hydrogen sector. In October 2024, through its Copenhagen Infrastructure V (CI V) fund, CIP announced a strategic partnership with Stiesdal Offshore to establish the company as a long-term leader in the floating wind sector. As part of this collaboration, CI V acquired a minority stake in Stiesdal Offshore. In May 2024, CIP partnered with Uniper through its Energy Transition Fund to focus on the production, transport, and marketing of green hydrogen.
