Hive Energy is looking to raise development capital by means of a primary equity raise to support the on-going development costs for Hive’s global green hydrogen and green ammonia portfolio and supporting the advancement of its three core projects to FID.
A subsidiary of Hive Energy, Hive Hydrogen is a green hydrogen and green hydrogen-based derivatives development platform. Hive Hydrogen has a diversified global portfolio of projects supported by ~16GW of dedicated solar and wind pipelines across Europe, Africa, and LATAM to supply cost-competitive green hydrogen and ammonia to local and international markets, the company said on its website.
Its most advanced projects are in South Africa and Spain, targeting the 1st COD between 2027/2028, with another project in Chile targeting COD in 2030. Over 340,000 ha of land have been secured across these three projects for the installation of ~16GW of renewable generation assets and ~8GW hydrogen/ammonia production assets.
Hive Hydrogen’s business model provides investors with attractive development returns across a pipeline of advanced and earlier-stage projects.
Hive is seeking one or more partners to provide an investment into our green hydrogen/ammonia portfolio, taking a stake in the platform of up to 50%.
Hive Energy brings a ‘Developer DNA’ to the projects, having developed more than 2.7GW of solar PV/BESS with a further 8.5GW of green energy projects in the pipeline.
More information about Hive’s projects can be found on its website.
