Copenhagen Infrastructure Companions (CIP), on behalf of its Flagship Funds, has launched a devoted platform for the event and realization of vitality tasks in Canada.
The brand new platform, Horizon, builds on CIP’s actions in Canada to this point, which incorporates Travers Photo voltaic (692 MW DC) and the Buffalo Plains wind undertaking (495 MW AC).
“As a part of CIP’s devoted technique of investing in progress platforms, we’re excited in regards to the prospects and the chance to create a longtime developer of renewable vitality tasks in Canada,” says CIP’s Tim Evans. “Horizon is a vital step in our efforts to develop renewable vitality tasks in Canada that may present native jobs and clear, renewable vitality for a few years to return.”
Horizon will likely be an unbiased energy producer proudly owning each operational tasks in addition to tasks beneath development or in growth. Based mostly in Calgary, the brand new firm will assume the accountability of the event of CIP’s Flagship Funds’ current 1.2 GW of growth property in British Columbia. Horizon will primarily concentrate on the origination, growth and implementation of photo voltaic PV, onshore wind and battery storage tasks.
Horizon’s growth efforts will likely be led by Shannon Wever, a longtime developer in Canada with greater than 20 years of expertise in renewable vitality origination and growth.
“I’m thrilled to hitch CIP and lead Horizon New Power in Canada. Canada is within the midst of a big build-out of renewable vitality to satisfy Canada’s ambitions of decarbonizing the electrical energy grid by 2035, so I’m excited by the chance to leverage CIP’s industrial expertise and monetary capability in Horizon’s growth efforts,” says Wever.
