Hamburg – Luxcara is taking over 74.9% of the shares in the hydrogen electrolysis project Hamburg Green Hydrogen Hub, and enters into a joint venture with the shareholder Hamburger Energiewerke GmbH, Hamburg's largest energy company owned by the City of Hamburg.
The HGHH consortium plans to build a 100-megawatt electrolyser on the site of the former Hamburg-Moorburg coal power plant site. The project is expected to start production in 2026. Further extension of the project’s capacity is planned in the medium term.
A CMS team consisting of Dr Holger Kraft and Dr Stefan Kühl has advised Luxcara on acquiring a participation of 74.9 % in Hamburg Green Hydrogen GmbH & Co. KG. A CMS team led by Dr Nicolai Ritter and Matthias Sethmann is also advising Luxcara on the contractual arrangements for the construction of the electrolysis plant. Recently, Luxcara was awarded the contract for the offshore wind project located in the German North Sear are N-6.7, with a capacity of 270 megawatts, for which CMS also advised on the application.
Luxcara is an independent asset manager offering equity and debt investment opportunities to institutional investors in the clean infrastructure market. The management-owned company acquires, structures, finances and operates clean energy and related infrastructure projects. Luxcara’s longstanding focus on unsubsidized markets has made the company one of Europe’s most prominent investors in projects with power purchase agreements. The company’s portfolio includes clean infrastructure across Europe with a total capacity of around 6 GW and an investment volume of about EUR 6 bn. This track record, dating back to 2009, makes Luxcara one of the continent’s most experienced asset managers within the energy transition space.
CMS Germany
Dr Holger Kraft, Lead Partner, Hamburg
Matthias Sethmann, Principal Counsel, Hamburg
Dr Stefan Kühl, Senior Associate, Hamburg, all Corporate/M&A
Dr Nicolai Ritter, Partner, Berlin, Real Estate & Public
Press Contact
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