Partners to spend more than €1bn on 500MW-plus green hydrogen project in Portugal
Facility is the third large-scale renewable H2 facility to be announced at the port of Sines in the past 12 months
A Canadian-Portuguese joint venture says it will invest more than €1bn ($1.03bn) in a 500MW-plus green hydrogen and green fuels facility at the Portuguese port of Sines — the third to be announced at the location in the past 12 months.
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An area of 10.5 hectares has been formally reserved at Sines by NeoGreen Portugal, a joint venture between Canadian hydrogen producer NeoGreen and its Portuguese solar-energy partner Frequent Summer.
Further details, such as the estimated amounts of green hydrogen or its derivative fuels, or where the renewable energy would come from, have not been revealed.
Portugal and Spain are expected to be able to produce green hydrogen more cheaply than other parts of Europe due to their high solar irradiation and relatively strong winds.