Copenhagen Infrastructure Partners Secures Funding for Major Green Hydrogen Plant in Australia
Key Ideas
- Danish fund manager CIP is raising over EUR 472m to build a large green hydrogen plant in Australia through the Hydrogen Headstart investment program.
- The Muchison Green Hydrogen project aims to produce 1.8 million tons of green ammonia yearly for export to the Asian market, supporting decarbonisation efforts.
- CIP's partnership with the Australian Government highlights a commitment to establishing a leading green hydrogen industry in Australia, promoting energy independence.
- The project aligns with a broader focus on renewable energy, with CIP already involved in offshore wind projects in Australia, showcasing a commitment to sustainable development.
Copenhagen Infrastructure Partners (CIP) has secured AUD 814m (EUR 472m) to build one of the world's largest commercial hydrogen plants in Australia. The funding was obtained through the Australian Hydrogen Headstart investment program, demonstrating strong government support. The project, named Muchison Green Hydrogen, is set to generate approximately 1.8 million tons of green ammonia annually. This production will be geared towards export to the Asian market, positioning Australia as a key player in the green hydrogen industry. Karsten Uhd Plauborg, Partner at CIP, expressed gratitude for the funding, emphasizing the project's role in advancing decarbonisation and enhancing energy independence. The collaboration between CIP and the Australian Government underscores a joint commitment to fostering a prominent green hydrogen sector in the country. Additionally, CIP's existing presence in Australia, particularly through offshore wind initiatives, reflects a broader dedication to sustainable energy projects and environmental stewardship.