eu-supports-galps-100mw-green-hydrogen-unit-in-portugal-with-e180m-funding

EU supports Galp’s 100MW green hydrogen unit in Portugal with €180m funding

By Edward Laity on Feb 27, 2025

The EU will provide funding for Portuguese oil and gas company Galp’s 100MW green hydrogen production facility at the Sines Refinery in Portugal.

The European Investment Bank (EIB) announced today (February 27) that it will loan €180m ($187m) to support Galp’s hydrogen project, with an additional €250m ($260m) going towards its biofuel unit.

Galp reached a final investment decision (FID) on its green hydrogen project in 2023. The electrolyser is set to begin production in 2026, delivering up to 15,000 tonnes of green hydrogen annually and becoming one of the “first” operational units of its scale in Europe, according to the EIB.

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EU supports Galp’s 100MW green hydrogen unit in Portugal with €180m funding

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EU supports Galp’s 100MW green hydrogen unit in Portugal with €180m funding

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