HH2E in talks to raise up to $317 mln in debt to fund growth - sources
19/10/2023 15:22
By Christoph Steitz
FRANKFURT, Oct 19 (Reuters) - Hydrogen firm HH2E is in
talks to raise up to 300 million euros ($317 million) in debt to
help fund its two planned projects in Germany, two people
familiar with the matter said.
The project developer, in which UK-listed funds Foresight
Group FSGF.L and HydrogenOne Capital Growth HGEN.L own
stakes, is working with BNP Paribas BNPP.PA as debt adviser,
the people said.
HH2E is currently working on getting two hydrogen projects
off the ground in Germany, both located in the eastern part of
the country, which could both be ramped up to a combined 2
gigawatts in capacity by 2030.
HH2E confirmed that it has engaged with BNP Paribas as a
debt adviser.
BNP Paribas had no immediate comment.
($1 = 0.9456 euros)
(Reporting by Christoph Steitz
Editing by Miranda Murray)
((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))