Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), has obtained a majority stake in the Toqlukuti’k Wind & Hydrogen endeavor, a substantial onshore wind and hydrogen venture situated in Newfoundland and Labrador, Canada. This investment was executed from ABO Energy, a renewable energy company located in Germany.
ABO Energy will maintain a minority stake and persist in its position as a co-developer of the venture.
The Toqlukuti’k initiative aspires to produce competitively priced green hydrogen and ammonia, harnessing Newfoundland’s ample wind resources, existing infrastructure, and backing from both federal and provincial authorities. These elements position Newfoundland as a favorable investment destination, strategically aligned to address the growing green energy requirements in Europe.
In August 2023, the project received a Wind Application Recommendation Letter from the Ministry of Industry, Energy and Technology, bestowing the exclusive authority to develop on designated Crown land. Additionally, the project has formalized a memorandum of understanding (MOU) with the Miawpukek First Nation and has collected numerous letters of endorsement from local communities.
The title “Toqlukuti’k,” chosen in partnership with the Miawpukek First Nation, originates from the traditional Mi’kmaq language, translating to “working together.” The project is expected to create over 4,000 jobs during the construction period and more than 400 long-term operational positions, greatly benefiting the local economy.
Toqlukuti’k marks the second partnership between CIP and ABO Energy, which also encompasses the Buffalo Plains project, Canada’s largest onshore wind farm. With a capacity of 495 MW, Buffalo Plains is anticipated to provide energy to around 240,000 households in Alberta once it becomes operational.
