This bank financing package consists of:
- A €22.2 million green syndicated bank loan, indexed to Euribor, with a 5-year maturity and a bullet repayment. The green facility agreement was structured by Crédit Agricole Group, and supported by BPCE Group, HSBC and Crédit Mutuel Océan. It includes a clause to increase the amount, which is valid for two years.
- Two fixed-rate financing lines granted by Bpifrance for a total of €5.8 million, with 8 years and 15 years maturities.
This achievement is a strong testimony of the trust and support by Lhyfe’s banking partners in the roll-out of its industrial strategy. It enhances the company's financial resources to support its development, diversify its sources of funding and strengthen its balance sheet. It also represents a key milestone for the industry, which needs all public and private stakeholders’ support to achieve its decarbonisation ambitions.
Building on its strong commercial portfolio, Lhyfe aims at becoming one of the leaders in the production of green hydrogen in Europe, by deploying green hydrogen sites to decarbonise industry and mobility. By 2025, Lhyfe’s ambition is to be a major player for bulk green hydrogen production both in France and Germany. With two new up to 2 tpd production sites inaugurated in France this month and 5 additional sites currently under construction mainly in France and Germany, the industrial scale-up is underway.