Copenhagen Infrastructure Partners (CIP) has acquired a 70% stake in the first phase of H2Apex’s green hydrogen production project in Lubmin, Germany.
The Danish fund has committed €15 million ($17.3 million) in early-stage investment to advance the project through final investment decision (FID). The capital injection sets the stage for a broader financial commitment, should technical, regulatory, and market conditions validate the project’s scalability. If approved, the full build-out of the first phase could run into the hundreds of millions of euros.
The Lubmin development is among the largest green hydrogen initiatives currently in planning within Germany. The 100MW electrolyzer planned for phase one is expected to produce up to 10,000 tones of renewable hydrogen annually by 2028. Longer-term ambitions include scaling the facility to 600MW, with further expansion beyond 1GW under consideration.
The project leverages strategic infrastructure already in place. The Lubmin site has secured a grid connection through 50Hertz, access to sufficient water supply, and is located near the corridor of Germany’s planned national hydrogen backbone network—factors that lower integration barriers and enhance bankability. H2Apex has also secured preliminary hydrogen offtake agreements, a key enabler for financial close and long-term project viability.
The €167 million ($193 million) in funding allocated under the EU’s Important Projects of Common European Interest (IPCEI) programme reflects Brussels’ efforts to accelerate hydrogen infrastructure with cross-border relevance. The project was originally developed by HH2E, a company that filed for insolvency. H2Apex acquired the asset from HH2E for €7 million ($8.1 million), a move that both preserved the project pipeline and provided a faster route to market readiness.
H2Apex, based in Rostock, is now tasked with securing permits, locking in long-lead equipment orders, and aligning engineering milestones in advance of construction, which is scheduled to begin in 2026. With Germany targeting 10GW of domestic electrolyzer capacity by 2030, projects like Lubmin will be closely watched as bellwethers for commercial scalability and grid integration.
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