Hygenco secures $105 million equity investment from IFC, Siemens Financial Services, and Fullerton Carbon Action Fund for green hydrogen projects in India
Type: Investment · Technology: Hydrogen · Country: India · Value: $105M · Announced: 2026-06-08
Hygenco Green Energies has signed definitive agreements for a $105 million equity investment from global institutional investors including International Finance Corp. (IFC), Siemens Financial Services, and Fullerton Carbon Action Fund. This investment will support the development of green hydrogen and green hydrogen derivatives projects, including green ammonia, across India. IFC is investing approximately $25 million, Siemens Financial Services approximately $25 million, and Fullerton Carbon Action Fund up to $30 million. Additionally, The Clean Technology Fund is investing approximately $20 million, and the Frontier Opportunities Fund is providing approximately $5 million, both implemented by IFC to de-risk the platform and attract private investment. This marks the first direct green hydrogen investment in India for IFC, Siemens, and Fullerton, aiming to scale the supply of competitive green molecules to industrial customers nationwide.
Analysis
Hygenco Green Energies secured a $105 million equity investment for green hydrogen and green hydrogen derivatives projects in India, announced on 2026-06-08. This investment includes approximately $25 million from IFC, approximately $25 million from Siemens Financial Services, and up to $30 million from Fullerton Carbon Action Fund. Siemens Financial Services, the financing arm of Siemens, provides financial solutions for infrastructure and energy investments. Additionally, The Clean Technology Fund is investing approximately $20 million, and the Frontier Opportunities Fund is providing approximately $5 million, both implemented by IFC. This marks the first direct green hydrogen investment in India for IFC, Siemens, and Fullerton.
Key points
- Hygenco Green Energies secured $105 million in equity investment.
- IFC is investing approximately $25 million.
- Siemens Financial Services is investing approximately $25 million.
- Fullerton Carbon Action Fund is investing up to $30 million.
- The Clean Technology Fund is investing approximately $20 million, and the Frontier Opportunities Fund is providing approximately $5 million.
Counterparties
- America's Frontier Fund (Investor)
- Fullerton Fund Management (Investor)
- Siemens Financial Services (Investor)
- IFC (Investor)
- Hygenco Green Energies (Developer)
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