European consortium wants to sell green hydrogen at the price of fossil fuels by 2030

The expectation is to reach 95 GW of solar energy and 67 GW of electrolysis capacity before the end of this decade
2 minute(s) of reading

“HyDeal Ambition”, a European consortium made up of 30 energy players, including Italian developer Falck Renewables and Spanish companies Enagás and Naturgy, plans to deliver solar-based green hydrogen at a price of €1.50/kg (R$ 9 .70/kg) by the end of 2030. 

Today, this value is equivalent to the cost of gray hydrogen – based on fossil fuels. The initiative aims to reach 95 GW of solar energy and 67 GW of electrolysis capacity before the end of this decade. 

The companies' expectation is to supply around 3.6 million tons of green hydrogen per year to consumers in the energy, industrial and mobility sectors, through the gas transmission and storage network.

In total, the solar capacity required to generate this enormous production of green hydrogen exceeds, for example, that of Germany – the largest producer of solar energy in Europe – which at the end of last year reached the 54 GW mark. 

Green hydrogen is a fuel with high potential for use in energy generation, being obtained from renewable sources, in a process in which there is no carbon emission. 

Plan evaluation [h2]

In the opinion of Renato Ferreira, a specialist in renewable energy, the initiative presented by the European consortium attracts attention. “It really seemed ambitious to me. The previous European plan talked about 50 to 60 GW by 2030 and would be led by governments. This is a private initiative plan”, he highlighted.

For him, the movement is also great for Brazil, as the country has the necessary conditions for large-scale production of green hydrogen, such as land, sun and abundant water. 

“An investment like this will encourage manufacturers to develop competitive electrolyzers and, certainly, the country will become a target for investment. If we can access technology, even better”, he highlighted.

Ferreira also highlighted that HVO (green diesel) has proven to be a better substitute for diesel than biodiesel and that Brazil could also explore this issue. “With hydrogen here, we can export HVO at good prices, taking advantage of the synergy with agribusiness”, he pointed out.

Picture of Henrique Hein
Henry Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

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