Intesa Sanpaolo finances hydrogen production plant

By Global Infrastructure Sherpa · May 10, 2024

Financing Hydrogen announced Milan, Italy May 10, 2024

EUR430B

Deal Value

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Stage

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Project

Snam and De Nora secured €23 million in financing from Intesa Sanpaolo for the construction of a hydrogen production plant in Italy.

Source Intelligence

KEY DETAILS

Intesa Sanpaolo is the first Italian bank admitted to the European Clean Hydrogen Alliance of the European Commission. "Intesa Sanpaolo has actively participated in the European Commission's IPCEI (Important Project of Common European Interest) programme since its presentation in 2019, paying particular attention to the first of the major projects in the pipeline, dedicated to the clean hydrogen supply chain."

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Deal Size

In order to pursue tangible targets for the production and marketing of clean hydrogen by 2030, the EU estimates that investments of approximately 430 billion euros will be required.

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Location

Milan, 22 June 2021

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Announcement

Milan, 22 June 2021

PARTIES MENTIONED IN SOURCE

Intesa Sanpaolo lender

"Intesa Sanpaolo is the first Italian bank and one of the first six in Europe to be admitted to the European Commission’s European Clean Hydrogen Alliance (ECHA)."

medium quality Enriched Feb 19, 2026