Copenhagen Infrastructure Partners (“CIP”) has entered into a joint venture with the two Austrian energy developers AustriaEnergy and Ökowind EE GmbH in connection with the green hydrogen project HNH Project (“HNH”) currently under development in southern Chile.
HNH is a large-scale, cutting-edge Power-to-X energy project, converting wind power to green hydrogen and ammonia.
Once HNH is operational, it will consist of a 1.7 GW onshore wind farm, electrolysers, ammonia plant and port facility. HNH expects to produce close to 1 million metric tons of green hydrogen and ammonia per year.
Green hydrogen and ammonia can be used as fuel in connection with heavy transport, for example in shipping, and is essential to the green transition.
Chile strives to become one of the world’s leading countries within the production of green hydrogen and ammonia, and HNH is a step in that direction.
The investment in HNH is made from CIP’s Energy Transition Fund who focuses on Power-to-X and similar technologies, supporting the green transition in hard-to-abate sectors such as the agricultural and transport sectors.
As lead counsel to CIP, Accura drafted and negotiated all transaction documents relating to the joint venture, including the investment agreement, shareholders’ agreement and project development agreement.
Accura’s global-leading Renewable Energy Team consists of more than 30 specialists, exclusively providing advice on renewable energy.