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CIP, AustriaEnergy and Ökowind partner on Chilean green hydrogen project

Published by
Global Hydrogen Review,

AustriaEnergy and Ökowind have announced that they have agreed to form a joint venture (JV) with CIP to develop the 1.7 GW HNH Project located in southern Chile’s Magallanes region.

The HNH Project is a large-scale, export-oriented green hydrogen and green ammonia project with an expected investment size of over US$3 billion. Once operational, it will consist of a 1.7 GW onshore wind farm, electrolysers, ammonia plant and port facility, and is expected to produce 1 million tpy of green ammonia – resulting in a substantial contribution to Chile’s ambition to be a global lead in green hydrogen/ammonia production.

The AustriaEnergy Group, founded in 2006 and based in Vienna, Austria, develops photovoltaic (PV) and wind power projects in Chile, among other countries. With a total capacity of 1000 MW developed to date, AustriaEnergy is one of the pioneers in this field. Ökowind EE was founded in 2003 and since then has become well-known in the Austrian wind and hydropower energy industry.

CIP, headquartered in Copenhagen, Denmark, is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, and other energy assets. CIP manages eight funds, with approximately €16 billion under management from approximately 100 international institutional investors from Europe, Asia, Australia and North America and multi-lateral organisations e.g. EIB. The project will form part of CIP’s Energy Transition Fund, focused on Power-to-X and other next-generation renewable technologies in order to facilitate the decarbonisation of hard-to-abate sectors such as agriculture and transportation.


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