CIP signs MoU to establish green hydrogen project

Copenhagen Infrastructure Partners (CIP) has signed a Memorandum of Understanding (MoU) to develop a green hydrogen project.

Through CIP’s Growth Market Funds II and Energy Transistion Fund I (ETF I), its project Helax Istmo has agreed to a MoU with the Interoceanic Corridor of the Isthmus of Tehuantepec (CIIT) and Mexico’s national Ministry of Navy, the Secretaría de Marina (Semar).

Under the MoU, the three parties will collaborate on the development of a large-scale, renewable energy project in Oaxaca, Mexico. Helax Istmo is expected to produce green hydrogen and green maritime fuels, which will contribute to Mexico’s sustainable development goals and the decarbonisation of the shipping industry globally.

Signed in the presence of Mexican President, Andrés Manuel López Obrador, the MoU acknowledges that Helax will undergo formal indigenous and social consultations under Mexican law, which are anticipated to take place early 2024.

CIP also recently announced it will obtain 100% ownership of Soltec Power Holdings’ solar photovoltaic (PV) portfolio, based in Denmark.