Copenhagen Infrastructure Partners (CIP) is joining a joint venture of AustriaEnergy and Oekowind to develop the 1700MW HNH green hydrogen project located in southern Chile’s Magallanes region.
HNH is a large-scale, export oriented green hydrogen and green ammonia project with an expected investment size of over $3bn.
It will consist of a 1.7GW onshore wind farm, electrolysers, ammonia plant and port facility, and is expected to produce 1 million tonnes of green ammonia a year.
AustriaEnergy managing director Helmut Kantner said: “Austria Energy is proud to announce this important milestone for both the HNH Project as well as for the AustriaEnergy Group and Oekowind.
“The involvement of CIP will accelerate project development and bring its valuable expertise in financing industrial scale renewable projects.”
CIP partner Soren Toftgaard said: “CIP is pleased to be entering this joint venture with AustriaEnergy and Oekowind to develop the landmark HNH Project, the first project for CIP in Chile.
“We believe that Chile has the potential to be a key global player in the production and export of green hydrogen and green ammonia, with the Magallanes region representing an excellent onshore wind resource.
“Through the HNH Project and the partnership with AustriaEnergy and Oekowind, we look forward to producing green ammonia in Chile to support the global energy transition.”