Repsol has put in three inexperienced hydrogen initiatives in Spain. It has frozen greater than €200 million ($216.3 million) of funding for a 150 MW set up in Tarragona, a 100 MW website in Bilbao, and a 100 MW venture in Cartagena. “All of our deliberate renewable hydrogen investments in Spain have been frozen because of the unfavorable regulatory setting, particularly the federal government’s announcement to create a windfall tax on vitality corporations. completely,” a Repsol spokesperson stated pv journal. “The present regulatory setting will not be conducive to long-term investments within the vitality transition trade.” Repsol’s solely lively electrolyzer venture is in Sines, Portugal. Repsol stated Brent crude costs have fallen 29% and refining margins have fallen 83% for the reason that introduction of the non permanent taxes. The firm criticized the Spanish authorities for elevating the renewable hydrogen goal to 12 GW by 2030 whereas punishing non-public buyers. Repsol famous that the 370 MW hydrogen initiatives are near deciding on the ultimate funding in Spain, with greater than 90% of the initiatives underneath its management.
Statkraft HOW its plans for its hydrogen venture in Mo, Norway, reduce capability from 40 MW to twenty MW and delayed commissioning from 2025 to 2027. “We plan to construct 20 MW within the first section with the potential of enlargement. The deliberate begin of manufacturing in 2027,“ a Statkraft spokesperson responsibility pv journal. “There is a pointy improve in prices and a gradual progress in demand for inexperienced hydrogen in Europe. And the regulatory framework will not be but in the correct place to facilitate the expansion of the hydrogen market.” The firm goals to deal with a extra streamlined portfolio, focusing on 1 GW to 2 GW by 2035, which it claims is one other “bold” progress purpose.
Canada Fortescue Future Industries withdrew its proposal for the Coyote Hydrogen venture in British Columbia, Canada, from the environmental evaluation course of. The provincial authorities stated the corporate advised the Environmental Assessment Office and the Lheidli T’enneh First Nation on Sept. 26, 2024, that the Prince George venture has been discontinued. Fortescue’s Canadian subsidiary stated it could proceed with the venture if costs and availability enhance.
Strabag examined Liebherr’s L 566 H, the primary giant hydrogen-powered wheel loader, in day by day operation for 2 years. “The L 566 H wheel loader is the primary giant wheel loader on the planet with a hydrogen engine,“ SAYS Liebherr. A hydrogen filling station was constructed to refuel the wheel loader instantly on the quarry.
This content material is protected by copyright and might not be reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: editors@pv-magazine.com.
Popular content material
