Copenhagen Infrastructure Partners launches Horizon New Energy, dedicated to renewable energy in Canada
Horizon New Energy (“Horizon”) is a dedicated platform for Copenhagen Infrastructure Partners’ (CIP) development and realization of renewable energy projects in Canada.
NEW YORK and CALGARY, Alberta, Nov. 21, 2023 (GLOBE NEWSWIRE) -- CIP, on behalf of its Flagship Funds, today announced the launch of Horizon, a dedicated platform for the development and realization of renewable energy projects in Canada. The new platform company builds on top of CIP’s activities in Canada to date, which includes successfully building the largest solar project in Canada, Travers Solar (692 MWDC), and construction of the country’s largest onshore wind project, Buffalo Plains (495 MWAC).
“As part of CIP’s dedicated strategy of investing in growth platforms, we are excited about the prospects and the opportunity to create an established developer of renewable energy projects in Canada,” said Tim Evans, partner and Head of North America at CIP. “Horizon is an important step in our efforts to develop renewable energy projects in Canada that will provide local jobs and clean, renewable energy for many years to come.”
Horizon will be an independent power producer that owns both operational projects and a growing pipeline of projects under construction and in development. Based in Calgary, Alberta, the new company will assume the responsibility of the development of CIP’s Flagship Funds existing 1.2GW of development assets in the province. Horizon will primarily focus on the origination, development and implementation of solar PV, onshore wind, and battery storage projects.
Horizon’s development efforts will be led by Shannon Wever, an established developer in Canada with +20 years of experience in renewable energy origination and development. Wever joins Horizon from ENMAX Energy where she previously led its renewable energy development efforts.
“I am thrilled to join CIP and lead Horizon New Energy in Canada. Canada is in the midst of a significant build-out of renewable energy to meet Canada’s ambitions of decarbonizing the electricity grid by 2035, so I’m excited by the opportunity to leverage CIP’s industrial experience and financial capacity in Horizon’s development efforts,” said Shannon Wever, Managing Director at Horizon New Energy.
CIP’s Flagship Funds will provide capital for project development and for the growth of Horizon New Energy and then, subject to investment decisions at the time, CIP intends to provide the capital required for the construction of the projects developed by the company.
More information is available at www.horizonnewenergy.ca.
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 focuses 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 11 funds and has to date raised approximately EUR 26 billion for investments in energy and associated infrastructure from more than 150 international institutional investors. CIP has approximately 400 employees and 12 offices around the world. For more information, visit www.cip.com.To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
The Cadmium Yellow Alert: Study Explains the Rapid Deterioration of One of Juan Mirò’s Favourite Colours6.12.2023 15:57:37 CET | Press release
Researchers from the Politecnico di Milano and Ca' Foscari University of Venice are part of the team unravelling the causes of the degradation of cadmium yellow, used by the Spanish painter: the presence of zinc in the crystalline matrix of the pigment, the production process and the environmental conditions in which paint was stored. The research is published in the scientific journal Heritage Science. MILAN, Italy, Dec. 06, 2023 (GLOBE NEWSWIRE) -- A photo from 1978 shows famous Catalan surrealist painter Juan Miró in his Taller Sert, surrounded by his paintings. In the background, the bright, intense yellow of Femme dans le rue (1973), stands out. Fifty years later, that cadmium-based yellow is faded and chalky. The same phenomenon has affected 25 other paintings in the Fundació Miró Mallorca. The degraded yellow paint used by Mirò is made from cadmium yellow, a modern pigment composed of cadmium sulfide and introduced in the late 19th century. The pigment was used extensively by ar
Baltic Horizon Fund general meeting of investors and a notice to convene a new general meeting of investors6.12.2023 15:20:00 CET | Press release
Extraordinary General Meeting (hereinafter the “General Meeting”) of Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) took place on 6 December 2023 in Tallinn, Estonia. Proposed agenda of the meeting was the following: Decision to elect Reimo Hammerberg as a new member of the supervisory board of Baltic Horizon Fund as of 1 January 2024 for an indefinite period.Decision to pay remuneration to Reimo Hammerberg for fulfilling obligations of the member of the supervisory board in the amount of EUR 16,000 per calendar year.Decision to elect Monica Hammer as a new member of the supervisory board of Baltic Horizon Fund as of 1 January 2024 for an indefinite period.Decision to pay remuneration to Monica Hammer for fulfilling obligations of the member of the supervisory board in the amount of EUR 11,000 per calendar year.Decision to elect Per V. Jenster as a new member of the supervisory board of Baltic Horiz
Vicinity Showcased Industrial 5G Solution in 5G-ACIA Industrial 5G day6.12.2023 15:08:22 CET | Press release
TAIPEI, Taiwan, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Vicinity Technologies Limited (Vicinity) showcases the advanced industrial 5G solution in the 5G Alliance for Connected Industries and Automation (5G-ACIA) Industrial 5G Day 2023, being held in Taipei, Taiwan on 7th December 2023. Vicinity is demonstrating a low latency industrial 5G wireless networking solution to enable industrial safety applications in factories with 5G connected Automatic Guided Vehicles (AGV). Vicinity developed 5G integrated small cell (ISC) network wirelessly connects an emergency stop controller with the AGVs. The demonstration emulates an emergency scenario where the stop button is activated. The AGVs are stopped with the latency within 3ms. The response time is 200 times faster compared with the conventional 5G mobile networks. To achieve such a fast response time, the ISC supports the User Plane Function (UPF) offloading. This allows the user application running on the ISC to minimise the latency. The ISC is
International Directional Services and Veracio Announce Strategic Partnership to Advance Drilling and Downhole Technologies in North America6.12.2023 15:00:00 CET | Press release
WATSONVILLE, Calif. and SALT LAKE CITY, Dec. 06, 2023 (GLOBE NEWSWIRE) -- International Directional Services (IDS), a Granite Company (NYSE:GVA) and Veracio, a leading mining technology company, today announce a partnership to offer Veracio’s complete suite of driller-operated tooling to IDS’ clients. Veracio is making significant steps toward leveraging advanced geological technologies to enhance the mining lifecycle. While IDS and Veracio have an existing relationship, the announcement of this partnership acknowledges the vision both companies share for transforming how the drilling workflow can be enhanced with better data. By combining IDS’s expertise in directional drilling and Veracio’s geological data collection, the partnership will empower IDS and Granite clients to reduce unnecessary drilling costs, mitigate operational errors, minimize waste, and foster sustainable mining practices. “Our collaboration further strengthens Veracio’s position in the US market and reinforces our
Zoom delivers AI-powered customer experiences at an unmatched value for companies of every size6.12.2023 15:00:00 CET | Press release
New innovative product offerings include robust omnichannel and advanced AI solutions SAN JOSE, Calif., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Today Zoom Video Communications, Inc. (NASDAQ: ZM) announced enhancements across its AI-powered customer experience (CX) suite and new pricing plans that are expected to be available in the coming weeks. “Zoom Contact Center has seen incredible momentum since its launch last year, reaching more than 700 customers and expanding to businesses of all sizes, from mid-market companies to global enterprises,” said Vi Chau, head of product, Zoom Phone and Contact Center at Zoom. “We have strategically invested in areas like advanced AI, workforce management, and omnichannel expansion to help build meaningful customer experiences. These new plans provide exceptional value at all levels, including enterprise-grade features at the base tier that other companies charge extra for.” To support its growing customer base and its various business needs, Zoom Contact