Now the sole shareholder of Renewstable Barbados, the Bordeaux-based group is now solely overseeing an electric power plant project valued at over 100 million dollars.
Rubis Exits Capital, HDF Energy Targets Financial Close
Hydrogen from France, operating under the name HDF Energy, finalized on October 15, 2026 the acquisition of shares held by Rubis in Renewstable (Barbados) Inc. This company, designated by the acronym RSB, carries the group's hydrogen power plant project in Barbados. The transaction was made public on October 23, 2026.
This move closes a phase that opened in 2022, the year when Rubis became the main shareholder of RSB. The project thus changes configuration: it is no longer backed by an external lead shareholder, but is entirely owned by HDF Energy. The group reaffirmed its commitment and indicated its desire to see it through to financial close, then to construction and commissioning.
>> In Other News: California Advances Carbon Capture and Removal Regulations Under SB 905
This roadmap comes with explicit conditions. Each milestone remains subject to obtaining the necessary regulatory approvals as well as other conditions required by the project. Financial close corresponds to the moment when all project financing is secured, which allows construction to commence.
The next milestone identified by the group falls within the purview of local authorities. HDF Energy awaits the Barbados government's decision on the project's tariff, which it presents as an important step in its development. For an electricity generation facility, this tariff generally sets the remuneration for electricity produced, a key parameter for the future financial structure.
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