This is the first project financing transaction of green hydrogen production sites for Lhyfe - end also the first of a kind in Europe.
The financed assets portfolio includes two sites that are already built and two sites currently under construction, for a total installed electrolysis capacity of 30 MW.
This debt financing transaction sets a new milestone for Lhyfe: it confirms a sound and replicable financing strategy combining debt, grants and equity to fund its sites. It also strengthens the Group's financial resources, diversifies its sources of funding and enables the allocation of capital to new plants, thereby supporting its growth.
This financing package reflects the trust and support granted to Lhyfe by its financial partners and validates the model of long-term infrastructure assets deployed and operated by Lhyfe.
Maria Pardo Saleme, CFO of Lhyfe: said, "At a time when the transition to industrial scale is gaining pace - a necessary step to significantly decarbonize mobility and industrial uses, we are proud to have arranged this first project finance package for Lhyfe, making it the first green and renewable hydrogen player in Europe to arrange such a financing - following the success of its first syndicated corporate financing at the end of 2023.
“This transaction also sets a milestone for the green hydrogen industry. It illustrates the continued trust and strong commitment of leading financial partners to Lhyfe's infrastructure model and its industrial and commercial scale-up strategy."
With 22 MW of installed electrolysis capacity at the end of 2024 a strong commercial pipeline and a fleet of 70 H2 containers in operation, Lhyfe aims to become one of Europe's leading producers of green hydrogen, through the deployment of production sites dedicated to the decarbonization of mobility and industry.
Jean-Francis Dusch, CEO of Edmond de Rothschild UK and Global Head of Infrastructure, Real Assets & Structured Finance, and Shirley Chojnacki, Managing Director, said, "We are very proud of this first project financing for Lhyfe, which supports its long-term development and underpins its move to industrial scale in this key sector. Indeed, green hydrogen production fits perfectly within our infrastructure debt portfolio and our strong commitment to the Energy Transition — a core conviction of EDRAM since the launch of our infrastructure debt activity. "
For this transaction, Lhyfe was supported by Finergreen as financial advisor and the law firm CMS Francis Lefebvre as legal advisor.
