Banks are reluctant to lend to hydrogen projects
Lack of international definition constraining green hydrogen growth – Barclays
Reluctance of banks to lend to projects and lack of internationally agreed standards holding industry back, according to the London-headquartered bank
The green hydrogen sector is gaining momentum but the absence of internationally agreed definitions and the reluctance of many banks to lend to projects are constraining growth, according to London-headquartered bank Barclays. Last year was a “tipping point for the industry” and the sector has moved from talk to practicable action, Daniel Hanna, global head of sustainable finance for corporate and investment banking at Barclays, told a capital markets day hosted this week by investment fund HydrogenOne Capital Growth. “Yet there is still a lot to do before we turn hydrogen hope into reality. While the number of announced large-scale hydrogen projects grows, only about 10pc have actually made
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