Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund I, has signed a power purchase agreement (PPA) with Google in the Netherlands. Under the PPA, Google will purchase 250 MW of wind power from the Zeevonk project to power its operations in the Netherlands for 15 years.
The Zeevonk project is a joint venture between Vattenfall and CIP that blends offshore wind, solar energy and green hydrogen at scale and comprises a 2 GW offshore wind farm and a 50 MW floating offshore solar farm located off the Dutch coast. A significant part of the electricity generated by the offshore wind farm and the solar farm will be converted into green hydrogen at a large-scale electrolyser plant at the port of Rotterdam. The project is expected to be operational in 2029.
CIP’s Energy Transition Fund I is the largest dedicated greenfield green hydrogen fund worldwide with approximately 6.5 GW of electrolyser capacity in development globally.
Accura advised CIP in all phases of the PPA.
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