Only 6% of planned clean hydrogen production capacity has offtake lined up — and only a fraction of that is binding: BNEF
Growth in clean H2 dealmaking slowed in the second half of 2024, research house warns
The signing ceremony in October 2024 where BASF agreed to buy 100,000 tonnes of ammonia per year from AM Green's 1.3GW green hydrogen and ammonia complex in Kakinada, India. AM Green has taken a final investment decision to build the facility, but the deal with BASF is only a non-binding memorandum of understanding. The Indian developer has also reserved offtake capacity for Yara, Uniper and RWE for the same project.Photo: BASF
