Renewables funding agency Copenhagen Infrastructure Companions (CIP) has offered the complete possession curiosity within the Travers photo voltaic mission in Canada.
Situated about 130km south of Calgary, the Travers Photo voltaic mission has a complete capability of 465MWac or 691MWdc. As the biggest non-hydro renewable vitality asset in Canada, the mission began building in March 2021 and reached business operations in November 2022.
The mission was offered to a fund managed by portfolio administration agency Axium Infrastructure earlier this week.
“The sale of Travers is proof of the worth created by CIP throughout this marquee renewable vitality asset’s improvement, financing and building phases. As well as, the completion of this transaction advances CIP’s dedication to a sustainable future,” stated Tim Evans, associate and head of North America at CIP.
Along with this transaction, CIP reached a remaining shut on its oversubscribed new fund, CI Vitality Transition Fund I (CI ETF I), with €3 billion (US$3 billion) for inexperienced hydrogen and ammonia investments.
The fund will spend money on next-generation renewable vitality infrastructure comparable to power-to-X initiatives in hard-to-abate industries with an virtually even cut up in commitments from new and current traders in CIP funds.
Furthermore, CI ETF I’ll concentrate on greenfield initiatives within the OECD, with the purpose to decarbonise industries comparable to aviation, transport, agriculture, chemical manufacturing and metal manufacturing with the manufacturing of inexperienced fuels, feedstock and CO2-free fertilisers.