Swiss renewables investor Smartenergy has acquired a majority stake in Rewatt, a Portuguese solar developer focused on the rooftop commercial and industrial (C&I) market.
Despite green hydrogen’s potential for decarbonising numerous hard to abate sectors, challenges around system integration, government support and project scale must be addressed with urgency.
As green hydrogen starts to gain a foothold in the decarbonisation journey, Alice Grundy looks at the more developed markets for the technology, the measures needed to scale further and the role of solar PV
Europe’s renewables sector stands well poised to deliver the huge scale of growth required to power a green hydrogen economy, but issues surrounding land and permitting will need to be tackled if the nascent sector is to fulfil its potential.
Portugal has chosen a total of 37 prospective green hydrogen projects, representing a total investment of around €9 billion (US$10.5 billion) to progress to the next stage of its selection process.
Hiring of French firm by Swiss investor Smartenergy will pave way for construction of three PV plants in Southern European hotspot, set to launch new PV-only auction next month.
