Noerr advises Foresight on €1 billion green hydrogen production project

Noerr, with a team led by Tibor Fedke and Daniel Fuchs, advised Foresight funds on the structuring of a consortium with HH2E AG and HydrogenOne Capital Growth plc for the planning, construction and operation of a hydrogen plant with a planned initial feed-in capacity of 100 MW, which can be increased to 1 GW by 2030.

Foresight is acquiring an initial majority stake of 75% in the project company. The plant will supply green hydrogen in Thierbach, Borna region, especially to large industrial consumers and will be one of the largest plants in Germany with the planned capacity. The total project is estimated to have an investment volume of EUR 1 billion.

With this project, HH2E, Foresight and HydrogenOne are implementing the first of five planned projects within the framework of the partnership announced last year with which the other investors joined HH2E. Noerr also advised Foresight with a team led by Tibor Feke, Marc Philip Priesmeyer and Daniel Fuchs [press release].

After Foresight initially invested in HH2E in May 2022, two further Foresight managed funds, JLEN and FEIP, have now co-invested in the project. This transition was advised by the same Noerr team.

Founded in 1984, Foresight is a leading listed infrastructure and private equity investment manager. Foresight operates in seven countries across Europe and Australia and had £12.3 billion of assets under management as at 31 December 2022.

Advisors to Foresight: Noerr

Team lead: Tibor Fedke (partner, M&A, Berlin) and Daniel Fuchs (senior associate, Private Equity, Berlin)

M&A: Annika-Kristin Stamer (associate, Berlin), Elizabeth Haag (associate, Berlin)

Energy: Martin Geipel (partner), Patrick Jäger (associate, both Berlin)

Real Estate: Volker Bock (partner), Markus Zeibig (counsel, both Dresden), Raphaël Hebecker (senior associate, Düsseldorf)