Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Green hydrogen
  • Blue hydrogen
  • Storage & Transportation
  • Consumption
  • Strategies & Trends
  • Finance
  • Women in Hydrogen 50
  • Podcasts
Search
Wopke Hoekstra, EU Commissioner for Climate, Net Zero and Clean Growth
EU Finance
Stuart Penson
21 March 2025
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

European green projects in scramble for subsidies

European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty

The European Hydrogen Bank’s (EHB’s) second auction of green hydrogen subsidies was heavily oversubscribed as developers competed for long-term support to try to bridge the gap between persistently high production costs and the price offtakers are actually willing to pay. The latest auction drew 61 bids from projects in 11 countries in the European Economic Area. The total subsidies requested by bidders amounted to €4.8b ($5.2b), four times the allocated budget of €1.2b. Bidding projects represent a total capacity of 6.3GW of electrolyser capacity, implying an average of just over 100MW per project. “This continued appetite from our industry reinforces the development of a European mar

Also in this section

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search