AGA seeks to raise USD 6.5bn for major Aussie green ammonia project

(Renewables Now, 13 September 2024) Allied Green Ammonia Pty Ltd has hired Affinity Capital Group as a lead manager and strategic financial adviser to help it raise about USD 6.5 billion (EUR 5.90bn) for the development and construction of a large-scale green hydrogen and ammonia facility in the Northern Territory of Australia. The company is currently in negotiations for preapproval for about 70% of the engineering, procurement and construction contract value from the Spanish Government Export Credit Agency CESCE.