AustriaEnergy International GmbH: green hydrogen as the key to “Global Net Zero” and an enormous investment topic

AustriaEnergy International GmbH: green hydrogen as the key to “Global Net Zero” and an enormous investment topic

• New Deloitte study on the green hydrogen market
• Webcast of AustriaEnergy on its own corporate bond for investment in this market on Thursday, 22.06.2023 at 17:00

Wien, 21.06.2023 – Worldwide, investments of around USD 9.4 trillion are expected and necessary by 2050 to meet the demand for green hydrogen in the various application areas. That’s a finding from the new study, “Green hydrogen: Energizing the path to net zero. Deloitte's 2023 global green hydrogen outlook” by the Deloitte Center for Sustainable Progress. Per year, this represents an average global investment of USD 375 billion. By comparison, spending on oil and gas production in 2022 was around USD 417 billion, according to the report.

Helmut Kantner, Managing Director of AustriaEnergy International GmbH, which is currently developing a site for the production of green hydrogen and green ammonia in Chile, calculated with a total investment of USD 5 billion: “The market for green hydrogen is still in an early development phase. However, it will develop very rapidly as an investment topic. This is because technological risks no longer exist as of today.” AustriaEnergy has been active in the green hydrogen and green ammonia sector in Chile since 2019 and is one of the pioneers here in terms of site development and technology integration.

Helmut Kantner: “It is important to know that around 50% of the investment is in corresponding wind capacity, which then provides the necessary green energy for electrolysis off-grid, as in our case. This is precisely where we combine our core competencies from site development for industrial solar and wind parks, which we have been implementing in Chile since 2013, and expertise for green hydrogen and green ammonia sites there, which we have been working on since 2019.” For South America, Deloitte experts project an investment of USD 367 billion by 2050, equivalent to investments averaging USD 13.6 billion annually. Helmut Kantner: “I expect Chile to account for a large part of this investment. The government’s goal is to position Chile as one of the world’s three largest green hydrogen exporters, thus establishing a second economic pillar alongside mining. Chile is an OECD country, offers a legally secure framework, has very ambitious targets in the renewable energy sector itself, and has the necessary sunshine hours and wind capacity in many regions. Many international investors are also already active in the country, as we can see not least from our partners.”

The AustriaEnergy Group is currently issuing a secured 8.00% corporate bond to invest specifically in Chile in wind power, photovoltaics and green hydrogen/green ammonia. Interested investors can still subscribe to the secured Green Bond 2023/2028 (ISIN: DE000A3LE0J4) until 26 June 2023 (12:00) via the subscription functionality DirectPlace of the Frankfurt Stock Exchange in the trading system XETRA. The management of AustriaEnergy will additionally offer investors the opportunity to obtain information in person during a webcast (without accompanying conference call) on Thursday, 22 June 2023 at 17:00 (CEST). Registration is possible via the following link: https://montegaconnect.de/event/8jz2pnjastx0g1n8u2kf5pd5mee7caxa

Key data of the secured Green Bond 2023/2028

Important note:
This publication is neither an offer to sell nor a solicitation of an offer to buy securities. The securities which are the subject of this publication are offered by the issuer exclusively in the Republic of Austria, the Federal Republic of Germany and the Grand Duchy of Luxembourg by way of a public offer. Outside the Republic of Austria, the Federal Republic of Germany and the Grand Duchy of Luxembourg, an offer will be made exclusively in the form of a private placement in accordance with the applicable exemption provisions.

In particular, the securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements.

This publication does not constitute a securities prospectus. The investment decision of interested investors with respect to the securities referred to in this publication is to be made solely on the basis of the securities prospectus prepared by the issuer in connection with the public offer of these securities, including the terms and conditions of the bond, which is available for download on the issuer’s website at www.austriaenergy.com/en/greenbonds/.

Contact:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
089/8896906-25
linh.chung@better-orange.de