Copenhagen Infrastructure Partners (CIP) is backing plans for an 800MW green hydrogen project in northern Germany.
The Danish investor has joined Friesen Elektra Green Energy in developing the now-named project Anker in the Sande municipality near Wilhelmshaven.
The project is expected to initially launch with 400MW of electrolysis capacity before doubling at a “later stage,” to produce 80,000 tonnes of green hydrogen per year.
With plans to supply steel and chemical industries, Friesen Elektra has said the site’s location is connected to high-voltage power lines to make use of renewable energy all year round.
Furthermore, its proximity to the future 9,000km hydrogen core network (HCN) means it could supply hydrogen via pipeline to industrial sites across northwest Germany.
A timeline for the project’s construction has not been revealed.
Christian Gätje, Chief Financial Officer of Friesen Elektra, said having CIP join as a strategic investor and development partner was a “major step forward” for the project.
Joining the project through its Energy Transition Fund (CI ETF I), the Danish energy investor said it believes Anker has the potential to make a key contribution to Germany’s decarbonisation.
“We continue to see a large potential in green hydrogen despite slower than expected market development and we remain committed to investments in large-scale renewable infrastructure solutions to decarbonise energy-intensive industries,” said Felix Pahl, Partner at CIP.
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