Copenhagen Infrastructure Partners (CIP) and Friesen Elektra Green Energy are teaming up to establish an 800MW green hydrogen project called Anker in the Sande municipality near Wilhelmshaven, Germany. The project is set to commence with 400MW of electrolysis capacity, with plans to eventually double production to generate 80,000 tonnes of green hydrogen annually. Friesen Elektra aims to cater to the steel and chemical sectors with this project, leveraging the site's access to high-voltage power lines for consistent renewable energy utilization throughout the year. Additionally, the project's proximity to the forthcoming 9,000km hydrogen core network (HCN) opens up possibilities for supplying hydrogen via pipeline to industrial facilities in the northwest region of Germany. While a construction timeline is yet to be disclosed, Christian Gätje, the CFO of Friesen Elektra, expressed optimism about the involvement of CIP as a strategic investor and development partner, highlighting the significant progress this collaboration represents. CIP, through its Energy Transition Fund (CI ETF I), views the Anker project as pivotal in Germany's decarbonisation efforts. Felix Pahl, a Partner at CIP, emphasized their commitment to investing in large-scale renewable infrastructure solutions to support the decarbonisation of energy-intensive industries, underscoring the long-term potential of green hydrogen despite slower market growth than anticipated.