CWP Global and Copenhagen Infrastructure Partners (CIP) have announced the recent completion of CIP’s strategic investment in CWP’s development portfolio of ultra-large-scale green hydrogen hubs, including projects across Africa, Australia and the Americas.
Under the deal announced on 14 June, CIP, through its Energy Transition Fund I, has acquired a 26.67% stake in a development platform within CWP’s green hydrogen business, thus seizing the opportunity to invest in the latter’s pipeline of green hydrogen hubs under development globally.
The investment brings together CWP’s green hydrogen team, whose experience comprises a two-decade track record in developing and operating utility-scale renewables projects, and CIP’s knowledge in financing and developing large-scale green transition infrastructure.
There is growing market sentiment that significant and scalable demand for green hydrogen is set to take hold in the second half of this decade, according to CIP.
It added that peer-reviewed scenarios for achieving net zero GHG emissions by 2050 "make clear" that green hydrogen and derivatives is a critical tool.
It can assist in decarbonising hard-to-abate sectors such as mining, steel and fertilizer production, as well as long-range transport, including maritime shipping.
Felix Pahl, partner at Copenhagen Infrastructure Partners, said: “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.”
Copenhagen Infrastructure Partners invests in CWP’s green hydrogen business
