Renewable energy firm RES is selling its green hydrogen project in Sweden to a fund managed by Prime Capital with the project set to produce synthetic sustainable aviation fuel (eSAF).
Prime Capital’s Prime Energy Infrastructure Fund II (PGEIF II) will become the sole shareholder of the Alby hydrogen project in the Ånge municipality, with RES expected to “stay involved” and jointly develop the plant.
500MW of renewable energy will be supplied to power electrolysis for hydrogen production. Hydrogen will then be combined with captured CO2 to produce eSAF.
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