Copenhagen Infrastructure Partners (CIP), Copenhagen, reported that it has joined a joint venture with AustriaEnergy and Okowind EE to develop its 1.7 GW HNH Project located in southern Chile’s Magallanes region.
“We believe that Chile has the potential to be a key global player in the production and export of green hydrogen and green ammonia, with the Magallanes region representing an excellent onshore wind resource,” said Søren Toftgaard, partner at CIP.
HNH is a large-scale, export-oriented green hydrogen and green ammonia project with an expected investment size of over US$3 billion. Once operational, it will consist of a 1.7 GW onshore wind farm, electrolysers, ammonia plant, and port facility, and is expected to produce 1 million mt/y green ammonia. Transammonia Inc.’s Dubai-based subsidiary, Trammo DMCC, and ASOE Chile Diez SpA, a company owned by AustriaEnergy, have signed a Memorandum of Understanding (MOU) for an exclusive green ammonia offtake of the entire output from the facility (GM May 21, 2021).
CIP is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, and other energy assets. It manages eight funds, with approximately €16 billion under management from approximately 100 international institutional investors from Europe, Asia, Australia, and North America, and multi-lateral organizations, e.g., EIB.
AustriaEnergy, Vienna, founded in 2006, develops photovoltaic and wind power projects in Chile, among other countries. It reports a total capacity of 1,000 MW developed to date. Ökowind, St. Polten, is involved in the Austrian wind and hydropower energy industry.