Copenhagen Infrastructure Partners (CIP) and Vestforbrænding, Denmark’s largest waste management and energy company, have entered into a long-term offtake agreement with Microsoft for permanent carbon removals.
The agreement with Microsoft, made via CIP and Vestforbrænding’s joint venture Gaia Carbon Capture, represents one of the first long-term, multi-year offtake agreements signed for a waste-to-energy carbon capture storage retrofit, demonstrating the commercial viability of such a decarbonization pathway for the waste-to-energy industry.
Installing the carbon capture technology also will allow the facility to expand its district heating capacity, supplying heat to an additional 10,000 or more homes. The offtake for 2.95 million tonnes is for up to full volumes of carbon removals generated per year, starting from 2029.
Nikos Samaritis, managing director of CIP’s Energy Transition Fund (CI ETF I), said, “We are proud to work alongside Microsoft for
