Terms
- Not ranked
- Out of scope
- Announced
- 5 Aug 2026
- Instrument
- Equity
- Amount
- US$174mReported as EUR 150M, converted at 1.1588 USD/EUR (August 2026 average)
- Source
- hydnumsteel.com
Parties
- Project developer
- Hydnum Steel
- Recipient type
- Infrastructure
- Country
- Spain (Puertollano, Ciudad Real)
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis COFIDES Investor Not credited Not ranked
Carbon
- Pathway
- Unresolved
- Project type as recorded
- Green steel - industrial decarbonisation (EAF on renewables and green hydrogen)
What happened
- Hydnum Steel secured a EUR 150M investment commitment from the FOCO fund managed by COFIDES, the Spanish development finance institution, to build the Iberian Peninsula's first clean steel plant at Puertollano (Ciudad Real). Part of a ~EUR 1.5bn total package (~EUR 600M equity, ~EUR 1bn debt). Planned capacity 2.7 Mtpa flat steel via electric arc furnace powered by renewables and green hydrogen.
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