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Study confirms €1T green hydrogen potential for Africa

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Africa can produce 50 million tons of green hydrogen a year by 2035, according to a new study by the European Investment Bank (EIB), International Solar Alliance and the African Union, with the support of the Government of Mauritania, HyDeal and UCLG Africa. The report was formally handed over to partners on 20 December.

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Statkraft to supply renewable power for Fortescue’s Holmaneset 300 MW green hydrogen & green ammonia project

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Fortescue Future Industries (FFI) has secured renewable power for its proposed Holmaneset green energy project , entering into a long-term Power Purchase Agreement (PPA) with Statkraft. FFI undertook a Scoping Study across Norway to identify potential locations for the development of renewable energy and port facilities.

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Yongsoo OWC pilot plant in Korea is being prepared to produce green hydrogen

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The Yongsoo wave energy power plant, installed at berth 1 in the Korean Institute KRISO -Wave Energy Test Site (WETS), is preparing to produce green hydrogen from next year, according to a report from Ocean Energy Systems. From next year, green hydrogen will be produced offshore using marine energy power.

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International Seabed Authority greenlights seabed nodule collection trials by Metals Company

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The conclusion of the International Seabed Authority’s review process allows NORI to proceed with its planned integrated pilot collection system trials in its NORI-D exploration contract area in the Clarion Clipperton Zone (CCZ) of the Pacific Ocean. Main components of the Prototype Collector Vehicle.

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SunGas Renewables to build $2B green methanol production facility in Louisiana

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announced the formation of Beaver Lake Renewable Energy, LLC (BLRE), which will construct a new green methanol production facility in Central Louisiana. Green methanol produced by BLRE is expected to be used to fuel A.P. The BLRE project is SunGas Renewable’s first facility to produce green methanol for Maersk.

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Germany approves €900M for green hydrogen project H2Global

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The aim of the project is to advance the international market ramp-up of green hydrogen and to use double-auction procedures for this purpose. Green hydrogen plays a central role in the transformation of our economy. Green hydrogen plays a central role in the transformation of our economy.

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NEOM Green Hydrogen Company completes financial close of $8.4B for world’s largest green hydrogen plant

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Additionally, NGHC also announced that the non-recourse financing structured for the project has been certified by S&P Global (as the second party opinion provider) as adhering to green loan principles and is one of the largest project financings put in place under the green loan framework.

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