Renewable

January 14 (Renewables Now) - Copenhagen Infrastructure Partners P/S (CIP) has joined the partnership of Austrian renewables companies AustriaEnergy Group and Oekowind EE GmbH in a joint venture (JV) to develop a 1.7-GW onshore wind, green hydrogen and ammonia project in southern Chile.

The scheme, dubbed the HNH Project, is originally the work of AustriaEnergy and Oekowind, but “the involvement CIP will accelerate project development and bring its valuable expertise in financing industrial scale renewable projects,” Helmut Kantner, AustriaEnergy Group managing director, said in a joint press release on Thursday.

The export-oriented HNH Project is expected to involve an investment of over USD 3 billion (EUR 2.62bn). The massive development is to include the construction of a gigawatt-scale wind farm, electrolysers, ammonia plant and a port facility, all located in Chile’s Magallanes region. The total production output is estimated at 1 million metric tonnes of green ammonia per year.

According to the project overview on AustriaEnergy’s website, the partners are planning to ship abroad either liquid hydrogen or liquid ammonia depending on the available technology.

The timeline of the project has not been made available.

“CIP is pleased to be entering this joint venture with AustriaEnergy and Oekowind to develop the landmark HNH Project, the first project for CIP in Chile,” commented Soren Toftgaard, partner at CIP. “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.”

(USD 1.0 = EUR 0.873)