A solar park in Spain
HyDeal claims green hydrogen offtake at €2.5/kg
Large-scale Spanish green hydrogen hub attributes highly competitive price to production from cheap solar power
Low-cost solar power in Spain has enabled green hydrogen producers within the HyDeal hub project to secure offtake deals at delivered prices as low as €2.5/kg ($2.64/kg), according to HyDeal president Thierry Lepercq. That price undershoots some analysts’ estimates that the levelised cost of production in Spain is around €3/kg, which would place the country alongside Norway as one of Europe’s most competitive suppliers. “We at HyDeal know where the market is because we have already secured offtake at that price: €2.5/kg,” Lepercq told the Word Hydrogen Congress in Rotterdam. “It has to be an obsession, not an obsession to look for subsidies, an obsession to lower costs, lower capex, lo
Also in this section
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
