Copenhagen Infrastructure Partners (CIP) has completed its strategic investment in CWP Global’s development portfolio of ultra-large-scale green hydrogen hubs, including projects across Africa, Australia and the Americas.
CIP, through its Energy Transition Fund I, has acquired a 26.67% stake in a development platform within CWP’s green
According to CIP, its backing represents a significant vote of confidence in the emerging green hydrogen sector from one of the world’s largest renewable energy infrastructure investors.
Alex Hewitt, chief executive of CWP Global, said: “We’re thrilled to welcome CIP to the CWP family, a new partnership that could not have come at a more important time.
“The race to net zero is on, and green hydrogen at scale will be a critical pillar for global decarbonisation, perhaps meeting one-fifth of global energy demand by 2050.
“This CWP-CIP partnership is built around a remarkable alignment of values and a shared vision of the scale and urgency of the energy transition.
“We look forward to working with CIP to build value for the planet and future generations, and new opportunities for local communities and economies, including in the developing world.”
Felix Pahl, partner at Copenhagen Infrastructure Partners, added: “Achieving decarbonisation targets requires green hydrogen and green ammonia to be produced at scale.
“Through this investment, CIP’s Energy Transition Fund now further expands its participation in the development of gigawatt scale PtX developments.
“CWP has a proven track record in delivering onshore renewables and has already built a strong pipeline of PtX development projects.
“With a strong management team and established regional footprints in Australia, Africa and Latin America, we expect CWP to become a global leader in developing ultra gigawatt-scale PtX projects and contribute significantly to decarbonisation of hard-to-abate sectors.”