Galileu Green H2 Valley, next to Lisbon, consists, in a first phase, of a 125 MW El that will produce green H2 (COD end of 2025). Electricity sourced from 400 MWp of solar PV in the same area and from renewable energy PPAs. The second phase consists of a 235MW El . Project focused on Power to Industry (cement plant), Gas grid Injection and Power to Mobility. Advanced talks with value chain partners, e.g., for offtake, pipeline construction 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 Galileu 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.