The European Commission will support HDF Energy’s hydrogen power plant project in Barbados, the first of its kind on the island.Alongside the International Finance Corporation (IFC), IDB Invest and the Green Climate Fund (GCF), the European Investment Bank (EIB) is offering the Renewstable Barbados (RSB) project a combination of guarantees and investment grants.Project RSB is expected to...
Portugal: Euorpean Investment Bank finances Galp’s Renewable Hydrogen and Biofuels projects in Sines with €430 million The two projects, already in construction at the Sines Refinery, represent a total investment of €650 million. The Biofuels unit, financed with €250 million, will produce low-carbon fuels essential for the decarbonization of transport. The...
Hydrogen Europe and 16 other European associations have called on the European Commission to revise the bloc’s hydrogen policy.Illustration purposes only; Courtesy of the European Commission Specifically, the group asked for a hydrogen policy “reality check,” urging the Commission to address the following issues: adopt a more pragmatic and technology-neutral approach to enable...
Power sectors gets specific on ‘Electrification Bank’ pitch EURACTIV Source link...
Germany Abandons €350M Renewable Hydrogen Auction Amid Disagreements with EU FuelCellsWorks Source link...
Amid concerns that the EU’s energy transition goals are heading towards a reset, Germany provided good news for the hydrogen industry, with a new milestone in its hydrogen network. State-owned bank KfW signed off a €24 billion ($25.3 billion) loan to finance an “amortisation account” that the government will provide for the implementation of the core network. Berlin said last month the...
Poland Unveils €640 Million Hydrogen Investment Plan Poland has taken a significant step towards a greener future with the signing of an agreement between the Ministry of Climate and Environment (MKiS) and Bank Gospodarstwa Krajowego (BGK) for a €640 million ($672.7 million) investment in hydrogen technologies. The funding, sourced from the National Recovery and Resilience...
On November 18, the European Commission and the governments of Spain, Lithuania, and Austria announced new financial support for renewable hydrogen through the Innovation Fund. These countries will participate in the ‘Auctions-as-a-Service’ scheme as part of the second European Hydrogen Bank auction, set to launch on December 3. The EU provides €1.2 billion from the Innovation Fund, while the...
ACER warns that the EU is 'likely to miss' 2030 targets for green hydrogen production and electrolyser capacity, and that the grey variety still makes up 99.7% of hydrogen consumed in EuropeEuropean Commission President Ursula von der Leyen.Photo: European Union Source link...
The European Commission, Austria, Lithuania, and Spain have announced new financial support measures for renewable hydrogen development as the European Union prepares for the second European Hydrogen Bank auction. November 19, 2024...
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