Qair's Katanes project in Iceland signifies a strategic investment in green hydrogen production, supported by expert financial guidance from Green Giraffe Advisory.

Target Information

The Katanes project, managed by Qair through its subsidiary Qair Iceland H2, focuses on the production and export of hydrogen and green ammonia from Iceland. This initiative is positioned to not only bolster domestic energy solutions but also create a new revenue stream by exporting these resources to Europe. The project leverages Iceland's inherent advantages, including abundant renewable energy sources, to ensure competitive pricing for consumers.

As part of this initiative, 'Green Giraffe Advisory' has been appointed as the financial advisor tasked with orchestrating the debt financing process ahead of the project's financial closure. Their comprehensive involvement will facilitate effective project finance that is critical for the success of Katanes.

Industry Overview in Iceland

Iceland has emerged as a frontrunner in the renewable energy sector, driven predominantly by its exceptional geothermal and hydroelectric resources. These renewable sources account for almost 100% of Iceland's electricity generation, making the