The Spanish government has allocated an additional €415m ($484m) to national green hydrogen auctions, expanding the programme after awarding funds to two projects.
Set to be awarded through the Auction-as-a-Service (AaaS) mechanism, the funds will be directed to green hydrogen production and use projects. €278.6m ($325m) will be directed towards production for any sector, while €136.4m ($159m) will be aimed at projects supplying maritime and aviation.
Like the EU’s bloc-wide European Hydrogen Bank auctions, the AaaS scheme will provide a fixed premium per kilogramme of RFNBO green hydrogen for up to 10 years, once projects enter operations.
It adds to the original pot of €400m ($466m) approved by the European Commission earlier this year, which in November issued its first €126m ($147m) to two projects totalling 160MW of capacity that missed out on the EU-wide auctions.
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