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BBVA joins Hy24's 2,000 million hydrogen fund, in which Enagás and Airbus already participate

MADRID, 10 Oct.

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BBVA joins Hy24's 2,000 million hydrogen fund, in which Enagás and Airbus already participate

MADRID, 10 Oct. (EUROPA PRESS) -

The manager Hy24, specialized in hydrogen, has closed its 2,000 million euro fund on Monday to invest in hydrogen-related infrastructure, giving entry to a series of new investors, including BBVA, as reported in a statement.

Specifically, in addition to the Spanish entity, Boarder to Coast Pension Partnership, Nuveen, Erafp, Groupama, Société Générale and Norinchukin have also entered as financial investors. As an industrial investor, the French shipping company CMA CGM Group has entered this final stage of fundraising.

"With €2 billion committed, this fund will drive the deployment of up to €20 billion in assets of strategic value to the [hydrogen] industry over the next six years," said Hy24 co-founder and CEO Pierre-Etienne Franc. .

The Clean H2 Infra Fund has more than 50 investors, including Baker Hughes, Vinci, Air Liquide, TotalEnergies, Airbus, Enagás, Axa, EDF or Crédti Agricole.

Before the summer, Hy24 bought a 30% stake in Enagás Renovable, which generated a capital gain of 50 million euros for the Spanish firm.

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