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Crédit Agricole Assurances, fully in line with Crédit Agricole Group’s commitments in favour of the climate, has become a significant investor in Hy24’s Clean Hydrogen Infrastructure Fund, which is to date the world’s largest fund dedicated to clean hydrogen infrastructure projects, aiming to achieve €1.5bn total capital raised.
The fund brings together a mix of leading financial investors and strategic industrial players with the aim to invest across the whole hydrogen value-chain in the most promising geographies (Europe, Americas and Asia).
Crédit Agricole Assurances is a major investor in the energy transition field, with approximately 9GW of renewable installed capacity in Europe. As a major contributor to Hy24, Crédit Agricole Assurances is pursuing its investment strategy in the energy transition by participating in the development of a clean energy solution that will represent a significant portion of global final energy demand by 2050, hence contributing to the complementarity of renewable energy sources.