Lhyfe, a company specializing in the production and supply of green and renewable hydrogen for the decarbonization of mobility and industry, has announced the €53 million ($60 million) financing of the construction of four green hydrogen production sites in France and Germany.
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 megawatts.
Edmond de Rothschild’s infrastructure debt strategy, BRIDGE, structuring the financing of the four sites, building on existing funding, which includes equity and €19 million ($22 million) in grants.
The transaction covers the refinancing of a portion of the capex already invested by Lhyfe in these sites, and the financing of the remaining investments. It consists of a mix of bonds and senior unsubordinated loans maturing in 2034, subscribed by Edmond de Rothschild Asset Management, Triodos Bank and Sienna Inves
