Copenhagen Infrastructure Partners (CIP) is acquiring several early-stage photovoltaic-solar power projects from Soltec in Denmark.
CIP will obtain 100% ownership of Soltec’s Danish solar PV portfolio through CIP’s Energy Transition Fund I (CI ETF 1), the Copenhagen-based firm announced Jan. 3.
The portfolio of development projects has a combined potential installed capacity of approximately 850 megawatts (MW). The project sites are scattered across Denmark with the majority located in Jutland.
CIP plans to develop, build and operate the projects to provide renewable electricity for ETF 1’s Danish Power-to-X projects—including projects for producing clean synthetic jet fuel and green hydrogen.
“The Soltec portfolio represents an attractive opportunity for CI ETF I to acquire power generation assets under development, thereby enabling our Power-to-X projects under development in Denmark,” CIP Partner Felix Pahl said in a news release.
“Without any doubt, this is a great sign of trust in Soltec, and they will have our support at an industrial level during the development of the projects,” said Raúl Morales, CEO of Spain-based Soltec.
Recommended Reading
Galp Seeks to Sell Stake in Namibia Oilfield After Discovery, Sources Say
2024-04-22 - Portuguese oil company Galp Energia has launched the sale of half of its stake in an exploration block offshore Namibia.
E&P Highlights: March 11, 2024
2024-03-11 - Here’s a roundup of the latest E&P headlines, including a new bid round offshore Bangladesh and new contract awards.
The Need for Speed in Oil, Gas Operations
2024-03-22 - NobleAI uses “science-based AI” to improve operator decision making and speed up oil and gas developments.
Trio Petroleum to Increase Monterey County Oil Production
2024-04-15 - Trio Petroleum’s HH-1 well in McCool Ranch and the HV-3A well in the Presidents Field collectively produce about 75 bbl/d.