Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), has acquired a majority stake in Toqlukuti’k Wind & Hydrogen, a large-scale onshore wind and hydrogen project in Newfoundland & Labrador, Canada, from Germany-based renewable energy developer ABO Energy.
ABO Energy will stay actively engaged in the project as a minority shareholder and co-developer.
Toqlukuti’k is expected to produce competitive green hydrogen and ammonia, driven by exceptional wind resources, existing infrastructure, and federal and provincial support. This combination of factors makes Newfoundland an attractive investment destination that is well positioned to serve future European green-energy demand.
In August 2023, the project received a Wind Application Recommendation Letter from the Ministry of Industry, Energy and Technology, awarding the exclusive right to pursue development on nominated Crown land. As part of its Crown lan
