Copenhagen Infrastructure Partners (CIP) has entered a power purchase agreement with tech giant Google in the Netherlands, via the former’s Energy Transition Fund I.
The deal, which spans 15 years, will see Google purchasing 250MW of wind power from the Zeevonk project to sustain its Dutch operations.
Go deeper with GlobalData
The Zeevonk project, a collaborative venture between Swedish power company Vattenfall and CIP, integrates offshore wind, solar energy, and green hydrogen production.
The project features a 2GW offshore wind farm and a 50MW floating offshore solar farm situated 62km off the Dutch coast.
Slated to become operational in 2029, Zeevonk will not only supply power but also contribute to green hydrogen production through a large-scale electrolyser plant located at the port of Rotterdam.
A significant portion of the electricity harnessed by Zeevonk’s offshore wind and solar facilities is earmarked for conversion into green hydrogen. This initiative is part of a broader strategy to implement sustainable energy solutions at scale.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataGoogle Sustainability EMEA director Adam Elman said: “Google partnered with CIP ahead of 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.”
CIP’s Energy Transition Fund I is claimed to be the world’s largest dedicated greenfield green hydrogen fund, with approximately 6.5GW of electrolyser capacity under development across the globe.
Elman added: “This agreement is also an example of how collaboration can enable 24/7 CFE for multiple types of electricity use, including Google’s operations but also for electrolysers to produce hourly matched renewable hydrogen. We are excited to contribute to the Dutch energy transition where hydrogen will play an essential role.”
In the process of securing the power purchase agreement with Google, CIP was exclusively advised by Our New Energy.
CIP partner Felix Pahl said: “We are very pleased to enter this partnership with Google and support their decarbonisation goals through this long-term renewable energy purchase agreement. It represents an important milestone for CIP and underlines the many opportunities in the combination of offshore wind, power-to-X and the increasing demand for renewable power by data centres.
“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.”
Last month, CIP expanded its collaboration with Ampin Energy Transition to deliver 2GW of renewable energy projects across India.
