ABO Energy has recently transferred 90% of its share in the Toqlukuti’k wind and hydrogen project located in the Canadian Province of Newfoundland and Labrador to Copenhagen Infrastructure Partners (CIP). The goal of this transfer is to develop 5 GW of wind capacity in order to produce competitive green hydrogen and ammonia. ABO Energy will maintain 10% of the project's shares and will remain actively involved as a minority shareholder and co-developer. This project was granted the exclusive rights for development on selected Crown land by the Canadian Ministry of Industry, Energy, and Technology in August 2023. The Toqlukuti’k project is part of a broader partnership between CIP and ABO Energy, which also includes the Buffalo Plains wind project in Alberta. Once fully operational, the Buffalo Plains project is expected to provide clean energy to around 240,000 households in Alberta. This acquisition is a significant step towards advancing renewable energy development and enhancing the production of green hydrogen in Canada.