Hogan Lovells advises European Investment Bank on €1.185 billion senior debt package for Phase One of Vulcan Energy’s Lionheart Project

Hogan Lovells advised the European Investment Bank (EIB) on the financing of Phase One of Vulcan Energy Resources Limited’s Lionheart Project. The Phase One financing package for the Lionheart Project has an overall value of €2.2 billion. The EIB has committed up to €250 million to the project. That commitment forms part of a €1.185 billion senior debt financing package provided by a consortium of 13 commercial banks, export credit agencies and financial institutions. Hogan Lovells acted as legal counsel to the EIB, advising on the bank’s financing documentation and on all other aspects of the financing that form part of the wider funding structure. The Lionheart Project, located in the Upper Rhine Valley in Germany, is an integrated renewable energy and lithium extraction development that aims to produce climate‑neutral lithium hydroxide while generating renewable heat and power using deep‑geothermal technology. The project is described as a significant initiative for Europe’s sustainable battery materials and geothermal energy ambitions and is intended to help secure a resilient, local and environmentally responsible supply of battery‑grade lithium for Europe’s industry. Hogan Lovells represented the European Investment Bank with a team composed by: Dr. Carla Luh (Partner, Frankfurt; Head of the German Finance practice), Merve Schmitte (Lead Senior Associate, Frankfurt), Andrew Gallagher (Partner, London), Dr. Christian Knütel (Partner, Hamburg) and Gordon Liedel (Associate, Frankfurt) (all Infrastructure Finance).

Hogan Lovells advises European Investment Bank on €1.185 billion senior debt package for Phase One of Vulcan Energy’s Lionheart Project

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads