VolagHy awarded EIB-backed Project Development Assistance
- First large-scale efuel project in Finland selected for PDA under the EU Innovation Fund.
- Support provided by the European Investment Bank through EIB Advisory.
- PDA will deliver advisory services to strengthen technical and financial structuring and improve investment readiness.
- Project advances sustainable aviation fuel via hydrogen-based solutions to cut emissions in a hard-to-abate sector and accelerate a final investment decision.
Selection and backing
VolagHy, the first large-scale efuel project in Finland, has been selected for Project Development Assistance under the EU Innovation Fund with support provided by the European Investment Bank through EIB Advisory.
PDA rationale
The EU Innovation Fund selects PDA recipients for their potential to deliver substantial emissions reductions; VolagHy's selection signals alignment with industrial decarbonisation and sustainable aviation objectives.
Scope of support
Through the PDA, VolagHy will receive dedicated advisory services aimed at strengthening technical and financial structuring, improving investment readiness and accelerating progress toward a final investment decision.
Expected impact
By advancing sustainable aviation fuel production through hydrogen-based solutions, the project contributes to decarbonising one of the most challenging sectors to abate.
Source: VolagHy
