The project consists of an electrolyser of around 100 MW that will produce green H2 (5,700 t p.a.) in Oliveira do Bairro (COD end of 2025). Focused on Power to Industry, Gas grid Injection and Power to Mobility. Electricity sourced from our PV plant in Aveiro District (170 MWp). We partner with leading technology-players in the H2 industry, e.g. ThyssenKrupp and Sunfire, and other EU equipment suppliers. Advanced talks ongoing with value chain partners, e.g., for offtake and H2 transport.
Start of project development
KEY SUCCESS FACTORS
PROJECT DEVELOPMENT PHASE
- Business model/business case development
The company has the capacity to financially structure and contribute to the project.
- Political backing and buy-in
The Portuguese Government and local entities (e.g. DGEG) support the development and implementation of Aveiro Green H2 Valley as a crucial actor to help decarbonise the economy.
If we have the funding gap closed we will be able to implement the project.
- Project's business case
With a good business case, with IRR higher than 8%, we will have good projects.
COMMERCIAL AND FINANCING PHASE
- Securing private investors
- Securing public financial support (subsidy/grant)
- Securing customer commitments to de-risk the financial model
N.A.: Not available. This is possible due to two reasons: a) the Hydrogen Valley chose to not publicly display the data or b) the Hydrogen Valley did not answer the specific question in the associated survey.