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E-fuels Ongoing
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8 transactions found
Debt
E-fuels Ongoing
Qair, via its subsidiary Qair Iceland H2, has mandated Green Giraffe Advisory as financial advisor for its Katanes hydrogen and green ammonia project in Iceland.
Hydrogen and ammonia not used for the energy transition in Iceland will be exported to Europe, giving the country a new source of foreign income. By doing this, Katanes is able to utilize the cost advantages that enterprises obtain due to their scale of operations, to secure competitive prices of hydrogen and ammonia to the consumer.
As part of the mandate, Green Giraffe Advisory will support the debt raising process ahead of financial close, providing the full scope of services related to raising project finance debt.
Equity
E-fuels Closed
A development equity raise for a 1+ GW electrolyser project being built on the site of a decommissioned nuclear power plant in Lubmin, Germany. The project is in an early stage of development and needed a co-investor to fund upcoming development expenses.
Project Faraday was a development equity raise for an early-stage electrolyser project located in Lubmin, along Germany’s Baltic Sea coast.
The project will be constructed in phases on the site of a decommissioned nuclear power plant and have direct access to Germany’s H2 backbone infrastructure. The first phase comprises 210 MW of capacity, and eventually the project will reach 1,050 MW.
Much of the planned development expenses for the whole project (i.e. the full 1+ GW) will be borne during the first phases of the project and PtX Development needed a partner to help fund these expenses.
Thus, the objective of the mandate was to find such a partner to help PtX Development advance the project and bring one of Germany’s key H2 project one step closer to completion.
GGA was pleased to have support our client in identifying KGAL GmbH & Co as the most suitable partner to bring this forward.
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E-fuels Closed
Bankability review of the IJmuiden Ver Beta 2 GW combined OW/H2 project being developed by CIP and Vattenfall in the Netherlands.
Green Giraffe Advisory carried out a bankability review of the IJmuiden Ver Beta 2 GW combined offshore wind and hydrogen project being developed by CIP and Vattenfall in the Netherlands ahead of the project bidding in a public tender. Green Giraffe Advisory’s review focused on the hydrogen component of the project, including the proposed revenue structure.
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E-fuels Closed
Green Giraffe Advisory provided financial modelling and bank sounding support to one of the leading French green hydrogen/methanol developers in relation to their EU Innovation fund grant application.
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E-fuels Closed
Green Giraffe Advisory provided strategic and financial modelling support to a national utility in relation to their green hydrogen strategy in the US.
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E-fuels Closed
Green Giraffe advised ETFuels on its first institutional fund raising
Green Giraffe Advisory is proud to have delivered its full suite of fundraising services to ETFuels and to have supported them on this transaction. We warmly congratulate ETFuels for reaching this milestone and SWEN Capital Partners for joining their investor base — we wish them all the best for the next steps!
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E-fuels Closed
Green Giraffe Advisory arranges a second corporate fundraising for REGA Energy Group SA, a Portugal-based renewable energy company dedicated to accelerating the advent of sustainable industry.
Green Giraffe Advisory was mandated as sole financial advisor by REGA Energy Group SA, a Portuguese renewable energy company founded in 2020, to raise financing at corporate level to finance its first renewable projects (hydrogen and biomethane projects) and further accelerate its growth. We advised on the fundraising process including support in structuring the transaction, preparing the information package and the financial model, and negotiations with investors up until signing of the investment agreement.
REGA Energy Group completed an additional funding round of EUR 60 M with current investor SWEN Capital Partners, a leading European infrastructure fund specialized in biomethane and green hydrogen, which underlines both the company’s track-record of delivering consistently as per its business plan and the full confidence of its current shareholders.
The transaction was signed and closed simultaneously on 6 July 2023. Alongside Green Giraffe, PLMJ (legal), VdA (legal), Everoze (technical), Ramboll (technical), and CVA (commercial) advised on the seller’s side.
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E-fuels Closed
Green Giraffe lead the corporate fundraising for REGA ENERGY GROUP SA, an independent renewable gas producer and retailer that develops both hydrogen and biomethane projects in Portugal
Green Giraffe was mandated as sole financial advisor by REGA ENERGY GROUP SA, a Portuguese independent renewable gas producer and retailer founded in 2020, to raise equity at corporate level to support the development of the company’s short-term pipeline (hydrogen and biomethane projects). We advised on the fundraising process including support in structuring the transaction, preparing the information package and the financial model, and negotiations with investors up until signing of the investment agreement.
REGA ENERGY GROUP SA raised 17 million euros to accelerate the development of its biomethane and hydrogen industrial activity in Portugal. The successful round led by SWEN Capital Partners and its existing investor, Elyse Energy, exceeded expectations threefold.
SWEN Capital Partners, headquartered in Paris, focuses on ESG investments with 6.7 billion euros under management. It enters the Portuguese national renewable gas market through its SWIFT 2 Fund, specialized in renewable gas investments. Elyse Energy, based in Lyon, is a platform dedicated to accelerating green hydrogen and e-fuel projects in Europe.
The transaction was signed and closed simultaneously on 18 May 2022. Alongside Green Giraffe, PLMJ law firm advised on the seller’s side.
About REGA ENERGY
In order to decarbonise, not all industries can electrify easily: cement, ceramics, chemicals, glass, steel, amongst others. To reach climate neutrality with some leading on challenging 2030 milestones, Europe needs to develop a complementary energy vector to the electron, to decarbonize what cannot be electrified. REGA ENERGY business model is to develop, finance, build, own and operate biomethane & green hydrogen plants to help heavy industries decarbonize through direct delivery or Renewable Gas Purchase Agreements.
About SWEN Capital Partners
SWEN Capital Partners is a key player in Responsible Investing in private markets in Europe with more than €6.9 billion of assets, both in multi-strategy and direct investments across private equity, mezzanine debt, Infrastructure and throughout a range of dedicated services and tools. The management company, owned by OFI Group (with MACIF and Matmut as main shareholders), ARKEA and its employees, has for nearly 10 years placed ESG and Climate approach at the heart of its approach and offers its clients innovative and sustainable investment solutions. SWEN Capital Partners supports companies, entrepreneurs, and partners in a process of impact improvement and sustainable value creation in order to move together towards a more resilient economy.
Client quote
“An end to end advisor that will always go the extra mile. Be it to structure the deal, to execute it, to brainstorm on more executive aspects, or even facilitate at a more emotional level, Agathe, Tess, Bastien and Pierre-Etienne have been outstanding. Without them, REGA would be nowhere close to where it is today. Grateful and thankful forever.” – Thomas Carrier, ReGa Energy’s founder and CEO
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