Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), has secured a majority stake in Toqlukuti’k Wind & Hydrogen, a large-scale onshore wind and hydrogen project located in Newfoundland and Labrador, Canada.
The stake was acquired from ABO Energy, a renewable energy developer based in Germany. ABO Energy will retain an active role as a minority shareholder and co-developer in the project.
The Toqlukuti’k project aims to produce competitive green hydrogen and ammonia, leveraging exceptional wind resources, existing infrastructure, and supportive federal and provincial policies. These factors position Newfoundland as a prime investment location to cater to the growing European demand for green energy.
In August 2023, the Ministry of Industry, Energy and Technology issued a Wind Application Recommendation Letter, granting the project exclusive rights to advance development on designated Crown land. As part of its Crown land bid submission, the project has entered into a memorandum of understanding (MoU) with the Miawpukek First Nation and has secured numerous letters of support from local communities.
The project name, Toqlukuti’k (pronounced ‘dok-loo-gu-tik’), was chosen in collaboration with the Miawpukek First Nation and is derived from the traditional Mi’kmaq language, meaning “working together.” The development is projected to generate significant economic benefits, creating over 4,000 construction jobs and more than 400 long-term positions during its operational phase.
Toqlukuti’k represents the second collaboration between CIP and ABO Energy, following the Buffalo Plains wind farm in Alberta, Canada. Buffalo Plains, Canada’s largest onshore wind project with a capacity of 495MW, is expected to supply clean energy to approximately 240,000 households once operational.
Copenhagen Infrastructure Partners’ partner Karlis Povisils said: “We are delighted to partner with ABO Energy once again to support and contribute to Canada’s journey towards a carbon-neutral future. With the wind speeds present in Atlantic Canada, we see that Toqlukuti’k has the potential to produce green hydrogen and ammonia at globally competitive prices.”
ABO Energy managing director Karsten Schlageter said: “Our ABO Energy team made great progress in developing this project, especially by working across two continents and with a new technology. This shows our ability to bring forward large scale projects that drive us towards Net Zero.
“With CIP as an experienced and financially strong development partner, we will successfully enter the next phase and bring Toqlukuti’k to realisation.”
