Terms
- Not ranked
- Announced, not closed
- Announced
- 1 Apr 2022
- Instrument
- Grants
- Amount
- US$195mReported as EUR 180m, converted at 1.0831 USD/EUR (April 2022 average)
- Source
- stockholmexergi.se
Parties
- Project developer
- Stockholm Exergi
- Recipient type
- Grant recipient
- Country
- Sweden
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis European Commission (Innovation Fund) Investor Not credited Not ranked
Carbon
- Pathway
- BECCS
What happened
- Awarded, not a signed grant agreement at announcement, and explicitly conditional on Swedish state funding through a reverse auction and on sales of carbon removal certificates. Final investment decision was planned for 2023.
Kumo note
- An award conditional on two other legs of a three-part financing, so at announcement it was a commitment to a project that had not yet taken final investment decision rather than money advanced.
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