German firm reserves site for three-phase project as developers flock to Europe’s latest green hydrogen hotspot
German independent developer Energiequelle has joined the race to tap Finland’s low-cost power supplies, with plans to deploy up to 500MW of electrolyser capacity to produce green hydrogen at the Nordic country’s northwestern port city of Oulu.
The company has reserved a greenfield site for the project, which it plans to develop in three phases, with commissioning envisaged between 2028 and 2033, depending on market conditions and ability to reach FID.
The first phase of the project would be for up to 5MW of capacity, coupled with a hydrogen refuelling station for buses and other heavy-duty vehicles. Phase two would see capacity rise to10–50MW, with the potential for pipeline and seaborne e
