Zeevonk Secures Power Purchase Agreement in the Netherlands

December 18, 2024 – Copenhagen, Denmark 

As part of the Zeevonk joint venture in the Netherlands, Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund I, announced it has entered a power purchase agreement with Google. Copenhagen Offshore Partners (COP), a global leader in offshore wind development and construction and the exclusive offshore wind development partner to CIP, is working together with Vattenfall to deliver the Zeevonk project.  

Under the power purchase agreement, Google NL will purchase 250 MW wind power generated at the Zeevonk project to power its local datacenters for 15 years. The agreement includes an option to increase the power purchase up to 500MW.  

The Zeevonk joint venture between CIP and Vattenfall blends offshore wind, solar energy, and green hydrogen at scale. It consists of a 2 GW offshore wind farm and a 50 MWp floating offshore solar farm located 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 electrolyser plant at the port of Rotterdam.  

“This is an important milestone for the Zeevonk partnership and the future of the energy transition in Europe,” said Keld Bennetsen, Senior Vice President and Europe Market Lead at COP. “We need dynamic solutions to achieve our climate and renewable goals. The Zeevonk project is doing just this, first with the dynamic structure of the project itself and now with this power purchase agreement with Google.”   

Søren Toftgaard, partner at CIP, said: “We are pleased to announce this long-term renewable energy purchase agreement and look forward to support Google’s decarbonisation goals. The agreement represents an important milestone for CIP – and it highlights the strength of Zeevonk and underlines the new market opportunities for clean energy created by the growth of data centers. 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.”  

“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. 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 electrolyzers to produce hourly matched renewable hydrogen. 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.” 

 

About Copenhagen Offshore Partners (COP) 

Copenhagen Offshore Partners (COP) is a world leader in offshore wind project origination, development, and construction. COP is accelerating the energy transition through development of a 50+ GW project portfolio. An industry pioneer, the group is leading project development in new markets, including four projects recently completed or currently under construction – Changfang and Xidao and Zhong Neng in Taiwan, Vineyard Wind 1 in the United States and Jeonnam 1 in Korea. COP also specializes in system integration capabilities, including power-to-x. COP’s expert team are advancing projects across 17 offices in Europe, Asia Pacific, and the Americas. COP is a proudly independent company owned by its management. Learn more at www.cop.dk 

 

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (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. 

CIP manages 12 funds and has to date raised approximately EUR 31 billion for investments in energy and associated infrastructure from more than 180 international institutional investors. CIP has approximately 500 employees and 14 offices around the world. For more information, visit www.cip.com