BNP, CIBC to Lead Financing of Major German Hydrogen Project (1)

BNP Paribas SA and Canadian Imperial Bank of Commerce are among banks that have committed to backing one of Germany’s largest hydrogen projects.

The decision is a sign that startup HH2E AG is seen as bankable and takes it closer to its aim of a final investment decision on its 100-megawatts green hydrogen production plant in the Baltic port of Lubmin by October.

“We have engaged BNP Paribas as a debt adviser to create a debt syndicate for financing our initial projects,” a spokesperson for HH2E told Bloomberg. “In parallel, we are also running an equity raise process managed by ...