\n\tThree global institutional investors, including International Finance Corporation (IFC), Siemens Financial Services and Fullerton Carbon Action Fund, on Thursday announced an equity investment of $105 million in green hydrogen solutions platform Hygenco Green Energies. This marks IFC, Siemens and Fullerton’s first direct green hydrogen investment in the country.<\/p>\n
\u00a0<\/p>\n
\n\tHygenco’s existing operational projects were supported by a $25 million equity investment by SBI Ventures-managed Neev II Fund in 2022. The new equity infusion will support the development of multiple commercially attractive green hydrogen projects, as Hygenco aims to mobilise additional private-sector investments for the production of green hydrogen and its derivatives, including green ammonia.<\/p>\n
\u00a0
\n\u00a0<\/p>\n
\n\t“By expanding the production capabilities and strengthening supply chains, Hygenco aims to deliver zero-emission green molecules to hard-to-abate industrial sectors, playing a transformative role in the country’s energy transition and directly supporting the National Green Hydrogen Mission,” the companies said.<\/p>\n
\u00a0<\/p>\n
\n\tThey added that the consortium will provide Hygenco with financial depth, commercial discipline and industrial backing to underwrite the company’s next phase of growth.<\/p>\n
\u00a0<\/p>\n
\n\t“Together, this partnership aims to scale a commercially viable model, pioneer Hydrogen-as-a-Service, and expand the supply of affordable and reliable green hydrogen solutions, while signalling confidence in the sector’s long-term growth potential,” said Imad N Fakhoury, regional division director for South Asia, IFC.<\/p>\n
\u00a0<\/p>\n
\n\tAs part of the deal, IFC is investing $25 million from its own account, Siemens is investing $25 million, and Fullerton is investing up to $30 million. This is complemented by two blended-finance facilities implemented by IFC \u2014 the Clean Technology Fund, a programme of the Climate Investment Funds (CIF), which is investing $20 million, while the Frontier Opportunities Fund, supported by the German government, is providing $5 million.<\/p>\n
\u00a0<\/p>\n
\n\tHygenco currently operates two commercial green hydrogen plants in India and is set to begin construction of three to four more plants in 2026-27. The company is a recipient of the Production Linked Incentive (PLI) under the government’s Strategic Interventions for Green Hydrogen Transition (SIGHT) programme.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Three global institutional investors, including International Finance Corporation (IFC), Siemens Financial Services and Fullerton Carbon Action Fund,…\n","protected":false},"author":2,"featured_media":31038,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21002],"tags":[29913,24899,6172,29910,29911,29914,29916,29915,6487,29912,29917],"class_list":["post-31037","post","type-post","status-publish","format-standard","has-post-thumbnail","category-siemens","tag-fullerton-carbon-action-fund","tag-green-ammonia","tag-green-hydrogen","tag-hygenco-green-energies","tag-ifc","tag-national-green-hydrogen-mission","tag-neev-ii-fund","tag-sbi-ventures","tag-siemens","tag-siemens-financial-services","tag-sight-programme"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/31037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=31037"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/31037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/31038"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=31037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=31037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=31037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}