EverWind and Export Development Canada have reached an agreement in principle on terms for a $125m debt facility to support the project, pending final due diligence, according to a news release.
This loan will support clean power generation and clean hydrogen production that will be able to be exported to markets in Germany and around the world, as well as for domestic consumption.
The financing supports Purus Clean Energy’s acquisition of the MV Green Power, a 40,000 cbm ammonia carrier.
Iberdrola, which already owned approximately 81.6% of Avangrid, acquired the remaining 18.4% of shares at $35.75 per share.
Portugal-based Fusion Fuel’s US co-presidents are stepping down to pursue other opportunities in the hydrogen and clean fuels sector.
Vancouver-based Klean Industries plans to run a process to raise between $250m – $500m of capital to deploy into projects, some of which would use green hydrogen to upgrade recovered fuel and pyrolysis oils.
The London-based non-profit EnergyTag has come to the forefront with its framework for global renewable energy hourly matching standards – what it views as a crucial substructure underpinning the future of green product commerce.
An Australian fuels producer and concentrated solar power developer partnered with German and US fossil interests is developing its first US clean fuels project in Texas, and is looking for development partners with eyes on the greater southwest.
