Prime Capital’s JV to build green hydrogen plant in Finland

Prime Capital is establishing a joint venture to build and operate a green hydrogen and methane plant in Finland, with a total capacity of over 1GW.

The Prime Green Energy Infrastructure Fund (PGEIF), managed by Prime Capital, has entered into a joint venture with CPC Finland to develop the project with an electrolyser capacity of 200MW close to Kristinestad.

Construction is scheduled to start in 2024 and CPC Finland will provide 600MW of renewable energy projects to the joint venture that will cover at least 80% of the PtX plant’s electricity demand. The permitting process for the PtX plant has already started, with commissioning scheduled for 2025.