Carlyle and GIC Funnel Money into Green Ammonia Company Eneus Energy

Posted on 08/04/2022

Carlyle Group and Singapore’s GIC Private Limited made an investment in green ammonia project development company Eneus Energy Limited, a Scottish company. The deal seeks to support Eneus in the development of a 14GW+ pipeline. The committed capital will finance Eneus’s development of a portfolio of green ammonia projects globally. Eneus believes that converting green hydrogen to ammonia turns it into an easily stored and economically transportable zero carbon fuel for end-user markets.

Eneus Energy was formed in 2013.

Eneus Energy Limited was advised by A. Brown + Company Ltd. and Wilson, Sonsini, Goodrich & Rosati. Carlyle and GIC were advised by Allen & Overy and Ashurst.

In January 2021, Eneus Energy gained planning consent for a proposed green hydrogen/ammonia plant in Orkney.

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