‘Paper projects’ hold back green hydrogen sector
Some announced large-scale developments are unlikely to materialise, hampering supply chain investment, warn developers and equipment manufacturers
The global pipeline of announced green hydrogen projects is close to terawatt-scale, but the vast majority are far from starting construction—and some will likely never reach financial close. While these ‘paper projects’ may appear to build momentum behind the industry, they are insufficient to justify actual investment in the supply chain and particularly in local manufacturing, according to developers and equipment manufacturers speaking at the recent World Hydrogen Mena conference. “When you see all those announcements, it appears as a lot of noise—for me, a lot of fake projects,” says Luc Koechlin, CEO of the Middle East subsidiary of French energy group EDF. However, he argues these ann
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome