Orestes Hydrogen is targeting a 100 million euro raise, to co-invest alongside the European Union, in equity and growth investment opportunities in Europe’s green hydrogen economy. Investments will not be made in start-ups, but companies which have proven business cases and have secured EU or state funding. These include green and turquoise hydrogen technologies and hydrogen valley projects in Germany, the Netherlands and Estonia. The portfolio is classed as an Article 9 investment (SFDR). The strategy will be focused on maximising equity IRR with the portfolio targeting a return of +15 percent per annum with a planned exit in 2030. The offering will be listed on the Frankfurt Stock Exchange, offering investors secondary market alongside potentially high returns possible with emerging technologies.
The new portfolio addresses the increased financing requirements for a transition to Net Zero. Hydrogen is widely seen as the backbone of a Net Zero world and in Europe there has been significant financing for clean energy transition projects, including the EU and Norway committing 5.4 billion euro to support Important Projects of Common European Interest (IPCEIs).
Orestes’ portfolio advisory comes from recognised leaders – Natural Power, a world-leading renewables consultancy and Marek Aliksoo, member of the Estonian Hydrogen Association Board and European Clean Hydrogen Alliance.
The portfolio will be issued by Sustainable Capital PLC.
“As Europe pushes for hydrogen to play a critical role in its long-term energy independence, support is required from both government funding and capital markets to ensure the green hydrogen economy’s growth, and scalability” said Marek Aliksoo, member of the Estonian Hydrogen Association Board, commented.
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