Copenhagen Infrastructure Partners and Google sign power purchase agreement in The Netherlands

Zeevonk, a joint venture between Vattenfall and CIP, blends offshore wind, solar energy, and green hydrogen at scale. It comprises a 2 GW offshore wind farm and a 50MW floating offshore solar farm 62 km off the Dutch coast. The project is expected to be operational in 2029. A significant part of the electricity generated by the offshore wind and solar farm will be converted into green hydrogen at a large-scale electrolyzer plant at the port of Rotterdam.

“Google partnered with CIP before the government tender for this subsidy-free, GW-scale project. We are proud of the outcome and close collaboration with CIP. The Zeevonk project is designed with system integration at heart and combines offshore wind, floating solar and green hydrogen. The partnership with CIP will bring new carbon-free energy to the Dutch grid and power our operations in the country that provide digital tools, artificial intelligence and related services around the world. Together with the existing power purchase agreements we have previously signed in the Netherlands, this agreement is a major milestone towards our ambition to operate on 24/7 Carbon Free Energy (CFE), everywhere we operate, by 2030. We are excited to contribute to the Dutch energy transition where hydrogen will play an essential role,” said Adam Elman, Director of Sustainability EMEA, Google.

“We are very pleased to enter this partnership with Google and support their decarbonization goals through this long-term renewable energy purchase agreement. It represents an important milestone for CIP and underlines the many opportunities in combining offshore wind, power-to-x and the increasing demand for renewable power by data centers,” said Felix Pahl, partner at CIP. “We are excited to move Zeevonk forward together with our partners at Vattenfall and develop a project that drives local growth and jobs, provides clean energy and delivers attractive risk-adjusted returns to our investors.”

In Vietnam, CIP entered the market in early 2019 and is currently developing the La Gan offshore wind project with a total capacity of 3.5 GW in Binh Thuan province, as well as some other offshore wind projects in the early stages of development with a total capacity of over 10 GW.

About Copenhagen Infrastructure Partners

Founded in 2012, Copenhagen Infrastructure Partners (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X (batteries, ammonia, green hydrogen, etc.).

CIP manages 12 funds and has raised approximately USD 32 billion for investments in energy and has established a market-leading renewables pipeline of approximately 120GW of energy projects across technologies and geographies. Almost half of this renewable energy portfolio (over 60GW) constitutes offshore wind.