Raue advised the Hamburg-based hydrogen company HH2E AG on the investment of the infrastructure fund Foresight in the hydrogen project in Lubmin developed by HH2E. As part of the transaction, Foresight acquired all the shares of the Swiss energy company MET in the project company H2 Lubmin as well as the majority of the shares held by HH2E. The project will create one of the largest green hydrogen production facilities in Europe to date.
HH2E has already been part of a hydrogen consortium with Foresight and HydrogenOne since 2022. The partners have concluded a framework agreement on direct co-investments by investors in HH2E projects. Raue advised HH2E extensively on the conclusion of the framework agreement. With the acquisition of the shares in H2 Lubmin, Foresight now participates in another HH2E project. This project, with a total investment volume of more than one billion euros, is expected to be the largest green hydrogen production plant in Europe.
Raue advised HH2E in connection with Foresight’s investment in the Lubmin project.
HH2E is a new green-energy company in Germany founded to promote immediate change to renewable energy sources. Its technology-mix works to transform a variable input of sun or wind energy into a constant flow of price-competitive green Hydrogen, Heat and carbon-free Electricity, to supply local industries and municipalities.
(14 July 2023)