Copenhagen Infrastructure Partners’ (CIP) Energy Transition Fund I (ETF I) will obtain 100% ownership of a Danish solar photovoltaic (PV) portfolio.
Soltec Power Holdings’ early-stage portfolio consists of development projects with a combined potential installed capacity of 850MW, with project sites located across Denmark.
CIP plans to develop, build and operate these assets to provide renewable electricity for ETF I’s Power-to-X projects (PtX) in Denmark, including Fjord eSAF, Høst green ammonia and hydrogen.
Felix Pahl, Partner in CIP, said, “The Soltec portfolio represents an attractive opportunity for CIP’s ETF I to acquire power generation assets under development, thereby enabling our PtX projects under development in Denmark.
“We are certain that CIP can accelerate the development of the portfolio by committing to work closely with local stakeholders to deploy renewable energy projects in Denmark. ETF I aims to make a positive contribution to the green transition and PtX industry by developing world leading capabilities in Denmark.”
Last January (2023), CIP chose DNV to carry out technical safety and sustainability assurance of a PtX plant in Denmark, located in Esbjerg. The HOSET facility aims to produce green ammonia from a hydrogen feedstock using a 1GW electrolyser.
Read more:CIP appoints DNV to assess 1GW PtX plant in Denmark
Raúl Morales, Soltec’s CEO, commented, “We are very satisfied with this first agreement reached with CIP, a company with a great recognition and experience worldwide, to which we have been able to provide with high quality projects under development in Denmark, to contribute to its growth.”
Soltec is headquartered in Murcia, Spain, and currently operates in various locations around the world, such as Spain, North America and South America.
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