{"id":1349,"date":"2023-06-16T14:55:14","date_gmt":"2023-06-16T14:55:14","guid":{"rendered":"https:\/\/taqas.net\/en\/?p=1349"},"modified":"2023-06-16T14:55:15","modified_gmt":"2023-06-16T14:55:15","slug":"copenhagen-infrastructure-partners-invests-in-cwps-green-hydrogen-business","status":"publish","type":"post","link":"https:\/\/taqas.net\/en\/copenhagen-infrastructure-partners-invests-in-cwps-green-hydrogen-business\/","title":{"rendered":"Copenhagen Infrastructure Partners Invests in CWP\u2019s Green Hydrogen Business"},"content":{"rendered":"\n

COPENHAGEN, Denmark, June 14, 2023 (GLOBE NEWSWIRE) — CWP Global and Copenhagen Infrastructure Partners (CIP) are pleased to announce the recent completion of CIP\u2019s strategic investment in CWP\u2019s development portfolio of ultra-large-scale green hydrogen hubs, including projects across Africa, Australia and the Americas.<\/p>\n\n\n\n

Under the deal announced today, CIP, through its Energy Transition Fund I<\/a>, has acquired a 26.67% stake in a development platform within CWP\u2019s green hydrogen business, thus seizing the opportunity to invest in the latter\u2019s pipeline of green hydrogen hubs under development globally.<\/p>\n\n\n\n

The investment brings together CWP\u2019s leading green hydrogen team, built off the back of a two-decade track record in developing and operating utility-scale renewables projects, and CIP\u2019s expertise in financing and developing large-scale green transition infrastructure. CIP\u2019s backing represents a significant vote of confidence in the emerging green hydrogen sector from one of the world\u2019s largest renewable energy infrastructure investors.<\/p>\n\n\n\n

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. Peer-reviewed scenarios for achieving net zero GHG emissions by 2050 or earlier \u2013 including those from the IPCC, IEA, IRENA and the Energy Transitions Commission, among others \u2013 make clear that alongside widespread electrification of global energy demand, the production and use of green hydrogen and derivatives is a critical tool to decarbonize a variety of energy-intensive but hard-to-abate sectors, such as mining, steel and fertilizer production, as well as long-range transport, including maritime shipping.<\/p>\n\n\n\n

According to the IEA-led Breakthrough Agenda Report<\/a> (2022), investment in production of renewable and low-carbon hydrogen must scale up significantly to increase supply from less than 1 Mt in 2020 to 140-155 Mt by 2030 to align with emissions trajectories in pursuit of the Paris Agreement\u2019s temperature goals. Against this backdrop, CIP\u2019s investment in CWP\u2019s portfolio of green hydrogen hubs is a major step in the right direction.<\/p>\n\n\n\n

Alex Hewitt, CEO of CWP Global<\/strong>, said:
\u201cWe\u2019re 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.\u201d<\/em><\/p>\n\n\n\n

\u201cThis 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.\u201d<\/em><\/p>\n\n\n\n

Felix Pahl, Partner at Copenhagen Infrastructure Partners<\/strong>, said:
\u201cAchieving decarbonisation targets requires green hydrogen and green ammonia to be produced at scale. Through this investment, CIP\u2019s 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.<\/em><\/p>\n\n\n\n

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.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

COPENHAGEN, Denmark, June 14, 2023 (GLOBE NEWSWIRE) — CWP Global and Copenhagen Infrastructure Partners (CIP) are pleased to announce the recent completion of CIP\u2019s strategic investment in CWP\u2019s development portfolio of ultra-large-scale green hydrogen hubs, including projects across Africa, Australia and the Americas. Under the deal announced today, CIP, through its Energy Transition Fund I, has …<\/p>\n","protected":false},"author":2,"featured_media":1350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[159,158,57,115,116],"class_list":["post-1349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-hydrogen-mauritania","tag-copenhagen-infrastructure-partners","tag-cwp","tag-green-hydrogen","tag-mauritania","tag-renewable-energy"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t