Lhyfe Secures €28 Million Financing Package for Green Hydrogen Expansion

Credit: Lhyfe

Green hydrogen developer has successfully closed a €28 million financing package with its banking partners, marking a significant milestone in the burgeoning field of renewable hydrogen production.

The financing arrangement comprises a €22.2 million green syndicated bank loan, indexed to Euribor, featuring a 5-year maturity and a bullet repayment structure. The green facility agreement, orchestrated by Crédit Agricole Group, garnered support from , , and Crédit Mutuel Océan, with an option to increase the amount within a two-year timeframe.

See also: Lhyfe Secures Nantes Saint-Nazaire Port Contract for Green Hydrogen Production Site

Additionally, the package includes two fixed-rate financing lines from Bpifrance, totaling €5.8 million, with maturities of 8 and 15 years respectively.

Lhyfe, leveraging its robust commercial portfolio, aspires to position itself as a key player in green hydrogen production across . Focused on decarbonizing industry and mobility, the company aims to be a major contributor to bulk green hydrogen production in both France and Germany by 2025.

The industrial scale-up is already in progress, highlighted by the recent inauguration of two new up to 2 tonnes/day production sites in France, with five additional sites currently under construction primarily in France and Germany.

See also: Lhyfe to Supply Green Hydrogen for Zero Emission Valley Project in France

Maria Pardo Saleme, Lhyfe's Chief Financial Officer, expressed pride in securing the syndicated green financing, making Lhyfe the first green and renewable hydrogen player in France to achieve such a milestone. Saleme emphasized that the financing not only reflects the support and trust of banking partners but also positions Lhyfe to pursue its strategic objectives amidst the accelerating industrial scale-up.

The secured will play a crucial role in facilitating Lhyfe's continued development, construction, and operation of production units, further solidifying its trajectory to become a leading force in the renewable hydrogen production sector.

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