Renewable additionality requirements could stall the growth of Europe’s green hydrogen market
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
1 December 2023
Aircraft of varying sizes and in varying regions are likely to use different technolo-gies to decarbonise, making regulation challenging
30 November 2023
International investors are looking to exploit Morocco’s increasingly well-recognised potential to be one of the world’s top producers
30 November 2023
Production of green hydrogen and fuels from rapidly expanding renewable power sector becoming increasingly important to country’s energy strategy
29 November 2023
Centrica and Mitsubishi agree to explore development of facility at Bord Gais Energy site in Cork
