Wopke Hoekstra, EU Commissioner for Climate, Net Zero and Clean Growth
European green projects in scramble for subsidies
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
The European Hydrogen Bank’s (EHB’s) second auction of green hydrogen subsidies was heavily oversubscribed as developers competed for long-term support to try to bridge the gap between persistently high production costs and the price offtakers are actually willing to pay. The latest auction drew 61 bids from projects in 11 countries in the European Economic Area. The total subsidies requested by bidders amounted to €4.8b ($5.2b), four times the allocated budget of €1.2b. Bidding projects represent a total capacity of 6.3GW of electrolyser capacity, implying an average of just over 100MW per project. “This continued appetite from our industry reinforces the development of a European mar
Also in this section
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
19 December 2025
The hydrogen industry faces an important choice: coordinated co-evolution or patched-together piecemeal development. The way forward is integrated co-evolution, and freight corridors are a good example
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
