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KKR and Ignis, a Spanish renewables group, have formed a joint venture called Ignis P2X to develop green hydrogen and ammonia projects in Spain and internationally. KKR will provide up to €400 million to develop and build projects for hydrogen supply to industrial applications in hard-to-abate sectors. The joint venture will focus on a global pipeline of Power-to-X (P2X) and renewable projects, including 20GW of P2X projects in Spain and other countries, as well as 10GW of advanced and early-stage renewables in Spain. The projects will be located near large corporate customers in industries such as refining, steel, chemicals, fertilizers, and traditional renewables. Ignis is a global renewable developer and operator with a portfolio of over 300 renewable projects in ten countries and manages around 6.6GW of power assets for third parties. [Extracted from the article]

Lhyfe, a French green hydrogen company, has received a government-backed investment of SEK 125.6 million ($11.9m) from the Swedish Environmental Protection Agency's investment program, Klimatklivet. The funding will be used to construct a 10MW renewable hydrogen plant in Trelleborg, Sweden, which is expected to produce up to 4 tons of green hydrogen per day. The plant will serve local mobility and industry customers, including transport and logistics companies looking to transition to hydrogen-powered vehicles. Lhyfe is also developing a larger hydrogen plant in Söderhamn, Sweden, and aims to significantly increase its hydrogen production capacity in the coming years. [Extracted from the article]

Afreximbank has signed an agreement with APD-Cameroon to finance a €210 million terminal at Port Douala in southwest Cameroon. The financing will be split into two tranches, with €147 million coming from Afreximbank. The new terminal, which will consist of two berths, aims to address the infrastructure financing gap in Africa. The Port of Douala is an important trade gateway for Central African countries and plays a crucial role in regional integration. The World Bank has also approved a $538 million financing package to improve road and rail infrastructure between the Port of Douala and N'Djamena, Chad. [Extracted from the article]

Africa Data Centres (ADC) has received ZAR2 billion ($108m) in financing from RMB to expand its data centre capacity in South Africa. ADC, owned by Cassava Technologies, is Africa's largest network of interconnected, carrier and cloud-neutral data centres. The company plans to extend its coverage by 20MW and build hyperscale data centres across Africa with a $500 million investment. This expansion comes in response to a significant demand for digital infrastructure in the data centre space. [Extracted from the article]

Sweco, an engineering company, has been contracted by VoltH2, a European energy company, to develop a hydrogen plant in Delfzijl, Netherlands. The proposed 25MW plant is currently in the design phase and has received its permits. This plant is one of three that VoltH2 plans to build in the Netherlands, with three more planned for Germany. The Delfzijl plant is expected to produce around 5,000 tonnes of green hydrogen annually starting in 2027 and will supply local industries. VoltH2 is also planning to construct a 100MW hydrogen plant in Wilhelmshaven, Germany in 2026. DIF Capital Partners and Virya Energy acquired a majority stake in VoltH2 in June 2022, with founder André Jurres retaining a minority stake. VoltH2 produces clean hydrogen for various industries. [Extracted from the article]

Strohm Holding, an energy solutions company, has raised €30 million ($32m) to expand its manufacturing capabilities in the hydrogen and carbon capture utilisation and storage (CCUS) sectors. New investor SENCO Hydrogen Capital has invested €20 million, while HydrogenOne Capital Growth has contributed €1.2 million. Strohm is the world's leading producer of corrosion-resistant pipe technology TCP, which is used in the offshore hydrogen industry and CCS projects to reduce CO2 emissions. The company's shareholders include Chevron Technology Ventures, Evonik Venture Capital, Shell Technology Ventures, ING Corporate Investments, and HydrogenOne Capital. Strohm's manufacturing plant is located in Ijmuiden, the Netherlands, with additional bases in Houston, Kuala Lumpur, and Rio de Janeiro. The company is also part of a consortium working on the commercialization of green hydrogen produced offshore. [Extracted from the article]

Wood, an engineering company, has been awarded a $46 million contract by TotalEnergies to support the construction of an upstream gas project in southern Iraq. The contract will cover various aspects of the project, including design, procurement, construction, and commissioning assistance. This project is part of Iraq's Gas Growth Integrated Project (GGIP), which aims to recover gas currently being flared in the Basra region and develop energy and infrastructure facilities to improve Iraq's electricity supply. TotalEnergies, along with the Iraqi government, QatarEnergy, and ACWA Power, has invested $10 billion into the GGIP project. [Extracted from the article]

Air Products has signed a 15-year deal with TotalEnergies to supply its European refineries with 70,000 tons of green hydrogen annually starting in 2030. This agreement is part of TotalEnergies' efforts to reduce greenhouse gas emissions by 40% by 2030. TotalEnergies operates six refineries in Europe and has announced several hydrogen projects, including partnerships with Engie and Air Liquide. Air Products has invested over $15 billion in energy transition projects and will also explore renewable power purchase agreement opportunities with TotalEnergies in the UK, Poland, and France. [Extracted from the article]

Hy2gen's Canadian subsidiary, Hy2gen Canada, has secured a supply contract with Quebec's Ministry of Economy, Innovation and Energy to produce renewable hydrogen and renewable ammonia in Baie-Comeau, Quebec. The contract covers the Courant project, a 300MW hydrogen and renewable ammonia project that has been in development for four years. The plant will be powered by electricity supplied by Hydro-Québec and is expected to produce 237,000 tonnes of renewable ammonia per year. The location of the plant allows for short transport routes and proximity to offtakers in the chemicals production industry. Construction is scheduled to begin in 2026, with the first renewable ammonia production expected in 2029. Hy2gen is a producer of green hydrogen and its derivatives and has other projects in Germany and Mexico. [Extracted from the article]

TotalEnergies and Eren Groupe's joint venture, TE H2, has signed a Memorandum of Understanding with the Republic of Tunisia for a large-scale hydrogen project. The project aims to export clean hydrogen to Central Europe through pipelines. The financing, construction, and operation of the project will be led by Verbund Green Hydrogen, in coordination with TE H2. The plant will be powered by onshore wind and solar projects and has the potential to produce up to 1 million tons of green hydrogen per year. The facility will have access to the European market through the SoutH2 Corridor, an EU-backed hydrogen pipeline project. TE H2 is owned 80% by TotalEnergies and 20% by Eren Groupe. The partners also have a hydrogen project in Mauritania and are involved in a hydrogen interconnector project between North Africa and Europe. Germany has invested €4 billion in African green energy projects to support sustainable development in the continent. [Extracted from the article]

TES and OQ Alternative Energy have signed a joint study agreement to evaluate the potential for an e-NG facility in Oman. This collaboration is a result of TES's e-NG Coalition initiative, which aims to promote the production of clean hydrogen. E-NG is a synthetic gas made from renewable hydrogen and recycled CO2, and it can be used as a carbon-neutral alternative to natural gas without requiring modifications to existing infrastructure. Oman is actively working towards developing a green hydrogen economy, with a target of producing over 1 million tons of green hydrogen annually by 2030. OQ Alternative Energy, a member of a consortium developing a green ammonia project in Oman, is part of the Omani government's investment arm focused on renewables and green hydrogen. [Extracted from the article]

Enersense, an energy solutions provider, has partnered with hydrogen developer P2X Solutions for the operation and maintenance of Finland's first industrial-scale green hydrogen plant. The 20MW plant, located in Harjavalta Industrial Park, is expected to reduce Finland's CO2 emissions by 40,000 tons per year and includes capacity for the production of renewable synthetic methane. Enersense had previously invested €13 million into P2X Solutions, and the project received funding from the Finnish government, the Finnish Climate Fund, and asset manager Prime Capital. P2X Solutions plans to build more green hydrogen plants and expand its presence in the Nordic countries. [Extracted from the article]

Equinor, Centrica, and SSE Thermal have presented plans to the UK parliament to develop low carbon hydrogen projects on the north bank of the Humber. The proposals include a green and blue hydrogen production facility at Centrica's Easington gas terminal, which will gradually scale up as the hydrogen economy develops. The companies have submitted a funding proposal for a green hydrogen electrolyser at Easington, which aims to be operational by early 2029. The project is part of the Zero Carbon Humber scheme to decarbonize the industrial area and establish the region as a hub for low carbon hydrogen. [Extracted from the article]

Clifford Chance, a law firm, has promoted two project finance lawyers in the Middle East to partner positions as part of a larger promotion sweep. Jeremy Barker, based in the UAE, has been elevated to partnership and specializes in advising project finance clients in the energy and infrastructure sectors. Ahmed Choudhry, based in Saudi Arabia, has significant experience in Islamic finance and works on cross-border mandates and multi-tranche financings. The firm has also made promotions in other regions, including APAC and Europe. [Extracted from the article]

Julie Berg, former CFO of Aker Carbon Capture, has been hired by Mainstream Renewable Power as its new CFO with a global role. Berg's position at Aker will be temporarily filled by Petter Natås, the company's head of group controlling. Berg will assume her new role in the second quarter of 2024, replacing Paul Corrigan, who has been Mainstream's CFO since 2020 and will now serve as the commercial director for LatAm markets. Berg brings 25 years of finance experience in the energy and industrial sectors, having held leadership positions at KPMG and the Aker Group. Aker Carbon Capture is currently merging its carbon capture businesses with US oil company Schlumberger in Norway, with the deal expected to close by the end of Q2 2024. [Extracted from the article]

French green hydrogen producer Lhyfe has launched a digital marketplace called the Green Hydrogen Marketplace. This platform allows for the buying and selling of green certified hydrogen and aims to digitize the sector. The online services will provide customers with better regional coverage through a network of green certified production sites in Europe. The marketplace will also offer additional features such as a simulator for assessing needs, information on CO2 emissions avoided, a catalog of value chain players, and an ecosystems module for identifying nearby hydrogen pioneers. Lhyfe has rapidly expanded since its IPO in 2022 and aims to grow its hydrogen production capacity to 200MW by the end of 2026 and 3GW by the end of 2030. [Extracted from the article]

Spain's Cepsa has partnered with Evos to establish green methanol and green ammonia storage facilities in Algeciras, Spain, and Rotterdam, Netherlands. This collaboration will support the transportation of green hydrogen products between strategic ports in the two countries, contributing to decarbonization efforts in Europe. The partnership will also explore logistics for biofuels, hydrogen carriers, and renewable fuel. Cepsa is constructing a clean methanol plant in Huelva, Spain, as part of its Andalusian Green Hydrogen Valley project, which aims to produce clean hydrogen and ammonia. Evos is expanding its presence in Northwest Europe to focus on the storage and handling of green hydrogen derivatives and renewable fuels. The agreement has the support of the Dutch Minister for Climate and Energy Policy and Deputy Prime Minister. [Extracted from the article]

French hydrogen mobility startup HysetCo has raised €200 million ($217m) in funding and welcomed Hy24 as a majority shareholder. The funding was led by Hy24, a joint venture of Ardian and FiveT Hydrogen, through its Clean Hydrogen Infrastructure Fund. Other investors include startup investor RAISE Impact and Eiffel Investment Group. HysetCo plans to use the investment to support the decarbonization of urban intensive transport and expand its hydrogen distribution infrastructure and fleet management. The company offers hydrogen vehicle rental services and access to its network of distribution stations. It aims to deploy twelve refueling stations by 2025. HysetCo has achieved significant growth in hydrogen mobility over the past three years and has converted over 500 vehicle users to hydrogen. Hy24 believes that HysetCo's model can be replicated and scaled in other cities seeking cleaner and more efficient transport systems. The Clean Hydrogen Infrastructure Fund, launched in 2021, closed at €2 billion in 2022. Hy24 has been active in the hydrogen market and has made strategic investments in companies such as Hexagon Purus and Elyse Energy. The company has also partnered with Masdar to develop large-scale green hydrogen projects globally. HysetCo was advised by Natixis Partners and Gide Loyrette Nouel, while Hy24 was advised by Crédit Agricole CIB and DLA Piper. [Extracted from the article]

Global Energy Storage (GES) and Provaris Energy have partnered to develop a gaseous hydrogen import facility at GES' terminal in the Port of Rotterdam, Netherlands. The companies will conduct a prefeasibility study to explore the berthing and unloading of Provaris' H2Neo compressed hydrogen carriers at the terminal. GES plans to import refrigerated ammonia and compressed hydrogen to be distributed through various means, including barges, rail, trucks, and the HyNetwork operated by Gasunie. The Dutch government has allocated €9 billion for the development of green hydrogen production and distribution until 2030, with a portion reserved for imports. Rotterdam's port is already hosting several major green hydrogen projects to establish a large-scale hydrogen network. Provaris aims to offer a competitive alternative to chemical carriers from regional supply sources, extending its hydrogen supply chain across various regions. GES is supported by PE investors Bluewater Energy and White Deer Energy and operates gas terminals in Amsterdam and Rotterdam, as well as a liquefied petroleum gas storage facility in Malaysia. [Extracted from the article]

Hy2gen, a German hydrogen producer, has appointed Astrid Hartwijk, a former Shell director, as its chief operating officer. Hartwijk will be responsible for implementing the company's global strategy, overseeing project development, and navigating regulatory and supply chain challenges. She brings extensive experience from her previous roles at Shell and her most recent position as chief development officer at Corre Energy. Hy2gen has recently raised €200 million in investment and has acquired Kiwi AG's power-to-eMethane plant and project pipeline. The company specializes in producing green hydrogen and its derivatives and is involved in all levels of the hydrogen value chain. [Extracted from the article]

The Bradford Council has approved plans for a hydrogen plant in West Yorkshire, UK, which will support the decarbonization of transportation. The Bradford Low Carbon Hydrogen Facility will produce enough hydrogen to replace 800 diesel-fueled buses with zero-emission buses in the region. The plant will be located on a decommissioned gas storage site and will have the capacity to produce 12.5 tonnes of hydrogen per day. The project is a partnership between Hygen and N-Gen and received funding through the government's Hydrogen Allocation Round. Once operational, the facility will provide refueling facilities for businesses and users in West Yorkshire, with distribution company Ryze Hydrogen delivering the product to industrial users in the region. The project is significant for Bradford's economic growth plans and could create over 9,000 jobs by 2030. Hygen is also working on a green hydrogen project in Northern Ireland. [Extracted from the article]

Arctech, a construction company based in China, has been awarded a contract to build the 500MW Manah I solar PV plant in Oman. The project, which was bought to financial close in December 2023 by EDF Renewables Middle East and Korea Western Power Company, aims to help Oman achieve its energy transition goals. The plant will consist of around 1 million bifacial PV modules on a single axis tracker system, covering a 7.8 square km site. Once operational, the plant is expected to provide energy to power approximately 50,000 homes and offset over 780,000 tonnes of CO2 per year. Arctech will use its 1P SkyLine II tracker technology to enhance system stability under extreme weather conditions in the desert climate of Manah. [Extracted from the article]

Federico Turegano, who has been heading up the natural resources and infrastructure division at Societe Generale for nearly 16 years, is retiring from the French bank. He has worked for the bank for a total of 34 years and will be leaving on April 1, 2024. Turegano has held various positions within the company, including global head of natural resources and energy financing and deputy head of the corporates and institutions division for the Americas. In a 2021 interview, he emphasized the importance of sustainable finance and renewable energy for the next decade. [Extracted from the article]

Emirates Water and Electricity Company (EWEC) and Tadweer Group have signed a concession with a Japan-based consortium for a waste-to-energy (WtE) project in Abu Dhabi. The project aims to divert waste away from landfills and reduce carbon dioxide emissions. The plant will have an annual processing capacity of 900,000 tonnes of waste and will use advanced technology to convert municipal solid waste into electricity. The signing of the concession took place in the presence of the Abu Dhabi Department of Energy, which supports the development of waste-to-energy projects for a sustainable economy. [Extracted from the article]

The Rayis-Rabigh independent water transmission project (IWTP) in Saudi Arabia has achieved financial close and is set to begin operations in the fourth quarter of 2025. The project, valued at SAR 2.4 billion ($640 million), will be developed by a consortium led by Cobra. The IWTP aims to provide drinking water to the regions of Makkah Al-Mukarramah and Medina, improving water transfer efficiency and ensuring a continuous water supply. This project is the first of its kind to be developed in partnership with the private sector and will involve a 35-year water transmission agreement. [Extracted from the article]

The LNG terminal component of a hydrogen and green gas import project in Wilhelmshaven, Germany has received a regulatory exemption from tariff and third party access for 20 years. The terminal, developed by Tree Energy Solutions, will support the security of gas supply in Germany and Europe. It will have the capacity to import green hydrogen-based electric natural gas (e-NG) and conventional LNG, with a total capacity of 15 billion cubic meters per year. The project aims to decarbonize Germany and neighboring countries by importing green gas. The exemption decision is pending approval from the European Commission. [Extracted from the article]

Protium and Budweiser have received planning consent for a green hydrogen plant at the Samlesbury site in Lancashire. This project, called Samlesbury Net Zero, is the most advanced green hydrogen project in the UK government's Hydrogen Allocation Round 2 process. The plant, which is expected to open by the end of 2025, will be built next to the brewery and is projected to save up to 11,000 tonnes of carbon dioxide annually. Protium, a UK-based hydrogen developer, will finance, construct, and manage the plant under a long-term green hydrogen energy services contract with the brewery. The company aims to deliver zero-emission energy services and is seeking investment to develop a hydrogen platform across the UK and expand into Europe. [Extracted from the article]

German utility RWE has acquired a land option at Wilton International in Teesside, UK, with plans to build a green hydrogen production plant. The proposed plant will have an initial capacity of 260MW and will supply up to 5 tonnes per hour of clean hydrogen to the industrial area. The land is strategically located near industrial energy users and planned hydrogen pipelines, contributing to decarbonization efforts in the region. RWE aims to have 2GW of green hydrogen electrolyser capacity in its core markets by 2030. Teesside is a focal point for government-supported decarbonization projects, including hydrogen and carbon capture and storage initiatives. [Extracted from the article]

Lhyfe, a French hydrogen company, has received a ¿149 million grant from the French Government to construct a 100MW green hydrogen plant in Le Havre. The project has been approved by the European Commission and is expected to be operational by 2028. The plant will produce up to 34 tonnes of green hydrogen per day and is located near the Grand Canal du Havre. Lhyfe is also exploring the production of electro-sustainable aviation fuel using green hydrogen sourced from the Le Havre facility. The company aims to expand its hydrogen production capacity to 200MW by 2026 and 3GW by 2030. [Extracted from the article]

Oman's Nama Power and Water Procurement (PWP) has launched a tender for five wind independent power projects at different locations. The projects include the Duqm wind IPP, Jaalan Bani Bu Ali Wind IPP, and Harweel Wind IPP. The advisory team for the wind IPPs consists of KPMG Lower Gulf for financial advice, Dentons for legal advice, and Worley for technical advice. The deadline for RFQ submissions is May 8, 2024. This tender follows the previous RFQ for the Ibri III solar IPP, which is part of Oman's commitment to clean and efficient power generation and its goal of net zero emissions by 2040. [Extracted from the article]

The National Investment Commission (NIC) has extended the deadline for bids on a light rail project in central Iraq. The project aims to connect the cities of Najaf and Karbala and is part of a public-private partnership. The proposed metro route is 90km long and will include the construction of four main stations. The project is intended to provide a safe and efficient means of transportation for the millions of pilgrims who visit the holy cities of Najaf and Karbala each year. [Extracted from the article]

The National Investment Commission (NIC) in Iraq has extended the deadline for bids for the Baghdad Metro PPP project. The project, which has been in planning for 15 years, aims to reduce congestion and meet the transportation needs of residents in densely populated areas. Once operational, the elevated metro system will cover 80% of the capital city and handle around 5 million passengers daily. The project includes 64 stations, 7 lines, 4 workshops, 2 metro control centers, power generation stations, and depots for trains. The NIC states that the project is necessary due to the increasing population growth and the need for a safe and advanced means of transportation. [Extracted from the article]

Morocco's government plans to establish a green hydrogen initiative by allocating 1 million hectares of public land for projects. The initiative aims to position Morocco as a competitive player in the production of clean hydrogen and its derivatives for domestic use and export. Initially, 300,000 hectares of land will be provided to investors, with plots ranging from 10,000 to 30,000 hectares. The government has received significant interest from national and international investors, highlighting the country's potential in the green hydrogen sector. The initiative also includes the development of hydrogen infrastructure, selecting investors, and establishing contracts with the state. [Extracted from the article]

A consortium in the UK has launched a project at the Tyseley Energy Park in Birmingham to convert ammonia to hydrogen. The project, which received £6.7 million in funding from the UK government, aims to produce 200kg of clean hydrogen for global transport. In addition, the project will supply hydrogen to the UK's largest hydrogen refuelling station at the energy park. The project includes a vaporisation system and ammonia supply valve stations. The consortium, called Ammogen, believes that the project will greatly improve the efficiency and economics of ammonia cracking. Partners on the project include the UK Department for Energy Security and Net Zero, Gemserv, H2SITE, Equans, Yara, and the University of Birmingham. [Extracted from the article]

The Barakah One Company's refinancing of the Barakah nuclear power plant in the United Arab Emirates has been classified as a green loan. The refinancing, which amounted to Dh8.9 billion, was secured through two local banks, Abu Dhabi Commercial Bank and First Abu Dhabi Bank. The plant, which is owned by the Emirates Nuclear Energy Corporation and Korea Electric Power Corporation, is set to begin operations in 2024 and is expected to generate 40 TWh of electricity per year while preventing 22.4 million tons of carbon emissions. This green loan status is the first of its kind in the MENA region and Asia, and the second globally for a nuclear project. [Extracted from the article]

Net Zero Teesside Power (NZT Power) has awarded £4 billion worth of contracts for the development of a gas-fired power and carbon capture project in Teesside, England. The project, a joint venture between BP and Equinor, aims to support the decarbonization of industry in the region. The power station will be equipped with carbon capture technology and is expected to supply low carbon power to around 1.3 million UK homes while capturing up to 2 million tonnes of CO2 per year for subsea storage. The project is scheduled to begin operation in 2027. [Extracted from the article]

Qatar's Public Works Authority (Ashghal) has signed a PPP contract with Urbacon Trading and Contracting Company to construct 14 schools in Qatar. This project is part of the Qatar Schools Development PPP Programme, in collaboration with the Ministry of Commerce and Industry and the Ministry of Education and Higher Education. The contract includes a 25-year concession period and asset transfer to Ashghal. The schools are expected to open in the academic year 2025-2026 and will accommodate approximately 10,000 students. The government of Qatar aims to develop 45 school PPPs as part of its plan to increase the involvement of the private sector in the country. [Extracted from the article]

Pash Global, an impact investor, has partnered with Egypt to develop a large-scale green hydrogen and ammonia project in the Suez Canal Economic Zone. This project is part of Egypt's plan to attract $40 billion in investments for green hydrogen and renewable energy projects over the next decade. The project will include 1.5GW of clean hydrogen production, 4GW of solar PV and wind power generation, and an adjacent ammonia synthesis facility. The goal is to produce and export green ammonia through the Ain Sokhna Port. A final investment decision is expected within two years, and the project aligns with Egypt's sustainable energy strategy. [Extracted from the article]

German electrolyser producer Sunfire has raised over ¿500 million ($542.5m) to expand and industrialize its green hydrogen technology. The funding includes support from the European Investment Bank (EIB) and ¿215 million in equity capital from new investors such as LGT Private Bank, GIC, Ahren Innovation Capital, and Carbon Equity. Existing investors, including Lightrock, Planet First Partners, Carbon Direct Capital, Amazon Climate Pledge Fund, and Blue Earth Capital, have also increased their investments. The EIB's ¿100 million term loan will help increase the capacity of Sunfire's solid oxide electrolyzer technology. Sunfire aims to scale up production and deploy several gigawatts of electrolysis equipment by 2030. [Extracted from the article]

Işıl Tanrıverdi Versmissen has been appointed as the head of infrastructure debt transactions at MEAG in Munich, Germany. She previously worked as a senior investment manager at the company and has experience in structured finance and special situations at Nomura and SMBC. Versmissen also has experience in infrastructure and project finance ratings at Moody's. MEAG recently launched its third infrastructure debt fund, which focuses on senior secured infrastructure debt in Europe in areas such as transport, social, communication, energy, and clean tech. [Extracted from the article]

Yara, a Norwegian chemical company, has signed a binding agreement to offtake 100,000 tons of renewable ammonia per year from ACME Cleantech subsidiary GHC SAOC's green ammonia project in Duqm, Oman. This agreement is possibly the world's first arm's length contract for renewable ammonia of this scale and tenure. The project, a joint venture between Scatec and ACME, aims to develop a large-scale green ammonia plant with a planned capacity of 900,000 tons per year, with Phase 1 expected to be operational in 2027. Yara plans to use the ammonia supply to develop a cost-efficient supply chain for low emission ammonia in various markets. ACME has also built one of the world's first green ammonia plants in India and has additional green hydrogen and ammonia projects in India and the US. [Extracted from the article]

Semih Gökmen has been appointed as a partner at A.P. Moller Capital in Dubai. He has been with the company for several years, starting as a Vice President in 2017 and then serving as Managing Director and Director in Dubai. Prior to joining A.P. Moller Capital, Gökmen worked for the disbanded Middle Eastern private equity firm Abraaj Group and Bank of America Merrill Lynch. He has a background in investment banking and launched his investment career at GEM Private Equity Partners and Pragma. [Extracted from the article]

OMV Petrom, the largest integrated energy producer in Southeastern Europe, has secured funding through the EU's National Recovery and Resilience Plan to build two green hydrogen plants at the Petrobrazi refinery in Romania. The financing contracts, totaling €50 million, were signed with the Romanian Ministry of Energy. The projects, with a total investment of €140 million, are expected to produce around 8 kilotons of green hydrogen annually. OMV Petrom is actively supporting the energy transition in Romania and has allocated €11 billion for sustainable projects, including renewables and electro-mobility. The hydrogen projects are currently in the engineering phase and aim to reach a final investment decision this year. [Extracted from the article]

Spain's president, Pedro Sánchez, has announced that Spain will invest approximately €45 billion ($48.7 billion) in Morocco by 2050. This investment will focus on strengthening Morocco's renewable energy sector, transportation, and water resources management. One specific project of interest is the construction of the Nigeria-Morocco African-Atlantic Gas Pipeline, which aims to transport 3 billion cubic feet of gas daily. Morocco is also involved in other energy interconnector projects with Europe, including the Xlinks project to connect Morocco to the UK through a sub-sea cable. [Extracted from the article]

Honeywell has signed a Memorandum of Understanding (MoU) with Green Solutions Group Corporation (TGS) to provide battery energy storage systems (BESS) technology to Vietnam's first green hydrogen plant in the Mekong Delta. The Tra Vinh green hydrogen project, being developed by TGS, is an 8 trillion VND ($32m) project that aims to create a 2.5MW-260MW hydrogen manufacturing facility. The plant is expected to produce 24,000 tons of hydrogen and 195,000 tons of medical oxygen per year. The MoU with Honeywell will allow TGS to integrate renewable energy sources into the hydrogen plant, helping Vietnam in its commitment to becoming net zero by 2050. [Extracted from the article]

Patrizia and its portfolio company Storag Etzel have signed option lease agreements with Gasunie, a Dutch infrastructure company, for the development of hydrogen storage caverns in Lower Saxony, Germany. The agreement includes an option to store over 1 TWh of hydrogen at the Etzel caverns facility, with operations set to begin in 2026. This partnership expands Storag Etzel and Gasunie's hydrogen storage pilot project, H2CAST Etzel, which aims to demonstrate the feasibility of large-scale hydrogen storage. The Etzel storage facility is part of Germany's planned hydrogen pipeline grid, called Kernnetz, to meet future hydrogen demand. [Extracted from the article]

Rothschild & Co has recently opened a new office in Riyadh, Saudi Arabia, as part of its efforts to expand its presence in the Middle East. The office, located in the King Abdullah Financial District, will offer advisory services in debt advisory and restructuring, M&A, and equity markets. Nasser Al Issa, the Managing Director and head of Saudi Arabia, will lead the equity advisory services, while James Elgeti, recently promoted to director, will focus on debt advisory. Rothschild & Co also has offices in Abu Dhabi, Dubai, Doha, and Tel Aviv, with a team of over 40 bankers in the region. [Extracted from the article]

UAE-based company Titan Lithium has partnered with KEZAD Group to construct a $1.36 billion lithium processing plant in the Khalifa Industrial Area. The plant will produce battery-grade lithium carbonate and lithium hydroxide to meet the increasing demand from battery makers and electric vehicle producers. The project involves a 50-year land lease agreement and will import 150,000 tonnes of lithium annually from Zimbabwe for processing. This initiative aligns with the UAE's goal of increasing the share of electric and hybrid vehicles to 50% by 2050. [Extracted from the article]

The article discusses the approval of a €6.9 billion hydrogen project called Hy2Infra by the European Commission. The project, proposed by seven EU member states including France, Germany, and Italy, aims to increase the supply of clean hydrogen in the European supply chain through regional hydrogen clusters. It involves the deployment of large-scale green hydrogen electrolysers, hydrogen transmission and distribution pipelines, hydrogen storage facilities, and handling terminals and port infrastructure. The project is expected to receive €6.9 billion in public funding and unlock €5.4 billion in private investments. The implementation timeline spans from 2026 to 2029. This project is the third of its kind to receive IPCEI status for hydrogen projects under EU state aid. [Extracted from the article]

Alan Chen has been hired as the vice president of infrastructure and project finance advisory and investments at Agentis Capital in Toronto, Canada. Chen brings with him experience from his previous role as vice president on the global power and infrastructure finance team at National Bank Financial in New York. He has also worked for Plenary Group in Toronto, where he focused on origination and structuring financing solutions for public-private partnerships. Chen's expertise in the infrastructure sector includes advising on major projects such as the Clackamas County Courthouse Plenary P3. Agentis Capital, headquartered in British Columbia, recently served as the financial adviser for Puerto Rico's $5.2 billion Project Yunque toll road monetization P3 project. [Extracted from the article]