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\nAlex 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\nFelix 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\nWith 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],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/taqas.net\/en\/wp-json\/wp\/v2\/posts\/1349"}],"collection":[{"href":"https:\/\/taqas.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taqas.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taqas.net\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/taqas.net\/en\/wp-json\/wp\/v2\/comments?post=1349"}],"version-history":[{"count":1,"href":"https:\/\/taqas.net\/en\/wp-json\/wp\/v2\/posts\/1349\/revisions"}],"predecessor-version":[{"id":1351,"href":"https:\/\/taqas.net\/en\/wp-json\/wp\/v2\/posts\/1349\/revisions\/1351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taqas.net\/en\/wp-json\/wp\/v2\/media\/1350"}],"wp:attachment":[{"href":"https:\/\/taqas.net\/en\/wp-json\/wp\/v2\/media?parent=1349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taqas.net\/en\/wp-json\/wp\/v2\/categories?post=1349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taqas.net\/en\/wp-json\/wp\/v2\/tags?post=1349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}