Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), announced the acquisition of a majority stake in Toqlukuti’k Wind & Hydrogen. This project, located in Newfoundland and Labrador, Canada, plans to combine large-scale wind energy production with green hydrogen and ammonia. The planned capacity of 495 MW aims to support Europe’s growing renewable energy demands.
The project was initially developed by ABO Energy, a German company specializing in renewable energy. ABO Energy retains a co-developer role and a minority stake in the operation, according to the agreement with CIP.
An infrastructure supported by strategic partnerships
Toqlukuti’k received an official recommendation from the Ministry of Industry, Energy, and Technology in August 2023. This endorsement enabled the allocation of public Canadian land for the project’s exclusive development. The partnership also includes a memorandum of understanding with the Miawpukek First Nation and letters of support from local communities, consolidating regional engagement and the project’s feasibility.
Significant economic benefits
The project is expected to create over 4,000 jobs during its construction phase and 400 permanent positions during operation. These job creations contribute to the region’s economic revitalization while enhancing Canada’s capacity in clean technology and energy exports.
Aligned with energy policy objectives
Toqlukuti’k is part of a strategy to harness Atlantic Canada’s wind resources to meet Europe’s increasing demand for green hydrogen. The project benefits from substantial government support, existing infrastructure, and favorable natural resources to produce hydrogen and ammonia competitive on a global scale.
