CIP Acquires Majority Stake in Toqlukuti’k Wind & Hydrogen Project in Canada
Key Ideas
- Copenhagen Infrastructure Partners acquires majority stake in Toqlukuti’k Wind & Hydrogen project in Newfoundland & Labrador, Canada.
- Project to produce competitive green hydrogen and ammonia, with support from strong wind resources and federal/provincial backing.
- Agreement with Miawpukek First Nation, generating over 4,000 construction jobs and 400 long-term jobs, benefiting the local economy.
- Project is part of partnership with ABO Energy, including Canada's largest onshore wind farm, Buffalo Plains, providing energy to 240,000 households in Alberta.
Copenhagen Infrastructure Partners (CIP) has acquired a majority stake in the Toqlukuti’k Wind & Hydrogen project located in Newfoundland & Labrador, Canada, from Germany-based renewable energy developer ABO Energy. The project aims to produce competitive green hydrogen and ammonia, leveraging the region's strong wind resources, existing infrastructure, and support from federal and provincial authorities. Named Toqlukuti’k in collaboration with the Miawpukek First Nation, it signifies "working together" in the traditional Mi’kmaq language. The project has received a Wind Application Recommendation Letter from the Ministry of Industry, Energy, and Technology, granting the exclusive right for development on Crown land. Additionally, it has an agreement with Miawpukek First Nation and has garnered community support. It is expected to create over 4,000 construction jobs and 400 long-term jobs, contributing to the local economy. This initiative is part of the partnership between CIP and ABO Energy, which also includes Buffalo Plains, Canada's largest onshore wind farm with a capacity of 495MW, supplying energy to around 240,000 households in Alberta.
Topics
Installation
Renewable Energy
Investment
Green Energy
Partnership
Employment
Community Support
Local Economy
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