Completion guarantees, tight operational deadlines, and weak demand signals drove green hydrogen projects away from signing grant agreements under the second European Hydrogen Bank (EHB) auction, according to Hydrogen Europe.
The assessment comes after just six of 18 projects invited to negotiate under the €1bn ($1.17bn) second EHB round signed up to receive 10-year production subsidies – amounting to less than a third of the original budget.
Combined, the six projects will add over 380MW of electrolyser capacity, and receive between €0.33 ($0.39) and €1.88 ($2.21) per kilogramme of renewable fuels of non-biological origin-compliant hydrogen produced, totalling €270.6m ($317.6m).
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