Harneys advises InterContinental Energy on investments from GIC and Hy24
Harneys acted as BVI legal counsel to InterContinental Energy on its strategic equity financing from GIC in 2022 and its recent round of continued investment from GIC and new investment from Hy24, totalling US$115 million, in September 2023.
InterContinental Energy delivers green hydrogen at scale to accelerate the energy transition using upstream wind and solar. Since 2014, the company has pioneered best-in-class green fuel hubs with a portfolio of top-tier projects across Australia and the Middle East.
The Harneys team was led by Senior Associate Annie Liu with support from Partner Raymond Ng. Raymond commented: “We are pleased to have advised InterContinental Energy on its two rounds of equity financing. With the view to help the world meet decarbonisation and greenhouse gas reduction goals, we wish them every success in delivering their green hydrogen vision.”
Harneys has extensive experience in both the wider energy sector and specifically in the renewable energy sector and has worked on a number of ESG initiatives where clients explore socially conscious and environmentally sustainable projects using offshore companies. The firm’s global team of lawyers advise on a variety of renewable energy financing and acquisition projects, including joint ventures, M&A transactions, and debt and equity capital raises.