Renewables access challenges EU green hydrogen growth
Access to additional renewable power and ammonia import capacity could constrain EU green hydrogen growth, Japanese bank MUFG tells Hydrogen Economist forum
The growth of Europe’s green hydrogen market could be limited in the near term by shortages of renewable power generation and insufficient import capacity, according to Andrew Doyle, executive director of energy project finance at MUFG, Japan’s largest bank. EU additionality rules are likely to mean electrolysers must be powered by new renewables capacity, requiring a significant increase in such capacity just for the green hydrogen sector. “Just from a capacity perspective, building all that additional renewables capacity is going to be a challenge,” Doyle told Hydrogen Economist’s recent Financing the Hydrogen Economy event in Milan. Under load-following requirements, operators must also

Also in this section
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets
16 July 2025
Oil and gas major calls for expression of interest in product from Lingen project ahead of startup in 2027