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

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on 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.

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.

Read Next

February 26, 2021
Spanish developer Solarpack has updated its guidance to have between 1.8GW and 2GW of solar in operation and under construction by 2023.
February 26, 2021
EDP will focus on North America to ramp up its solar capacity in the next five years as part of a new strategic update that will see the Portuguese utility target more than 50GW of renewables additions by 2030.
February 25, 2021
Soltec recorded a €4.9 million (US$6 million) loss last year as the coronavirus pandemic caused projects delays and an increase in costs for the Spanish solar tracker manufacturer.
February 23, 2021
Mytilineos is looking to transfer its global experience of solar and storage project development to help decarbonise the Greek electrical system and hit 3GW of PV capacity by 2030.
February 19, 2021
Italian oil major Eni has made its first renewables investment in Spain, securing a deal to acquire three PV projects from local developer X-Elio.
February 19, 2021
Green energy group Mainstream Renewable Power and Norway’s Acker Clean Hydrogen have signed a letter of intent to explore the development of green hydrogen and producing ammonia in Chile.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Solar Media Events
June 15, 2021