The European Commission has approved a €1.2bn ($1.3bn) Spanish scheme set to explore the production of green hydrogen with an installed capacity of at least 100MW.
Approved under the State aid Temporary Crisis and Transition Framework (TCTF), the project aims to develop clusters or valleys that will foster the transition to Net Zero. This will include production of hydrogen and its derivatives, hydrogen storage and the production of renewable electricity.
Applications are now open for the Spanish scheme. To be eligible, an applicant must have secured agreements with off takers to cover at least 60% of the hydrogen and derivatives set to be produced.
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