European initiative aims for 95GW of solar for green hydrogen production

Facebook
Twitter
LinkedIn
Reddit
Email
Image: Toshiba Corporation.

Solar developers including Falck Renewables and Qair are among the 30 founding members of a new coalition that aims to deliver green hydrogen at the same price as fossil fuel-produced H2 this decade.

The HyDeal Ambition initiative – which also consists of utilities, gas transmission system operators, infrastructure funds and consultants – will look to deliver green hydrogen across Europe at €1.5/kg (US$1.82) before 2030.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The ambition is to achieve 95GW of solar and 67GW of electrolysis capacity by 2030 to deliver 3.6 million tonnes of green hydrogen per year to users in the energy, industry and mobility sectors via the gas transmission and storage network.

A series of projects and partnerships are now being launched involving several of the 30 participants, with a first initiative expected within a year in Spain, based on a portfolio of solar sites with a capacity of close to 10GW. Other projects will then be carried out in France and Germany.

HyDeal spokesperson Thierry Lepercq said the initiative spans the whole green hydrogen value chain (upstream, midstream, downstream, finance), and results from two years of research, feasibility studies and contract design. “HyDeal Ambition makes it possible to produce and deliver competitive green hydrogen in Europe,” he said.

The announcement follows the formation of a similar coalition called the Green Hydrogen Catapult, which has seven members – including Iberdrola, ACWA Power and CWP Renewables – and aims drive down the cost of producing renewable hydrogen to below US$2/kg by 2026.

Analysis from IHS Markit suggests that costs below US$2/kg for electrolysis are where green hydrogen starts becoming competitive with traditional hydrogen. The research firm predicts annual global investments in green hydrogen to exceed US$1 billion by 2023 as production costs continue to fall.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

August 8, 2025
This week several solar developers have raised funds for projects around the world, including BRUC in Europe, Greenalia in the US, Qair in Mauritius and CREC in Philippines.
August 5, 2025
Sonnedix and Prosolia have acquired projects, while Iberdrola has signed a 34MW PPA with Burger King covering 109MW total.
July 31, 2025
Matthias Taft, the chief executive officer of renewables developer BayWa r.e., will leave the company at the end of August.
July 31, 2025
Lucy Nation has said bp paid the price for proceeding “too quickly,” resulting in its exit from the 26GW AREH project in Pilbara.
July 30, 2025
Spanish solar energy company Soltec has found an investor that will acquire 80% of the company’s shares in a restructuring move.
July 29, 2025
The Spanish Ministry of Ecological Transition (MITECO) has launched a new renewables manufacturing subsidy programme.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines