Helax Istmo, a wholly owned subsidiary of funds managed by CIP, signed a Memorandum of Understanding with the Interoceanic Corridor of the Isthmus of Tehuantepec (CIIT) and Mexico’s national Ministry of Navy, the Secretaría de Marina (Semar). Under the MoU, the parties agree to collaborate to support the development of a large-scale, integrated renewable energy project in Oaxaca, Mexico.

The Isthmus of Tehuantepec is the narrow strip of Mexico that connects the Pacific Ocean with the Gulf of Mexico and through it with the Atlantic Ocean. The CIIT is under the control of Semar. Semar held an event restarting Line Z of the Tehuantepec Isthmus Railway, which connects Salina Cruz, Oaxaca, with Coatzacoalcos, Veracruz with passenger transport service. It was at this event that the signing of the MoU with CIP was executed, along with MOUs for the development of the port terminals in Salina Cruz and Coatzacoalcos.

Helax Istmo is projected to produce green hydrogen and green maritime fuels, contributing materially to Mexico’s sustainable development goals, as well as to the decarbonization of the shipping industry globally.

The MOU was signed in the presence of Mexican president Andrés Manuel López Obrador, who has recognized the project’s transformational impact for the Isthmus.

The MoU acknowledges that Helax will undergo formal indigenous and social consultations under Mexican law. These are expected to take place in early 2024.

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 €26 billion for investments in energy and associated infrastructure from more than 150 international institutional investors. CIP has approximately 500 employees and 12 offices around the world.