France has is set to unveil a €4bn ($4.3bn) subsidy package to support low-carbon hydrogen projects through Contracts for Difference (CfDs), according to reports.
On Monday (August 28), the French Government said it would adopt a decree released €4bn to subsidise the development of low-carbon hydrogen production capacity, as part of the €9bn ($9.76bn) of public support announced in 2020.
It has been reported that the decree is planned to support multiple projects totally 1GW of capacity for the production of 140,000 tonnes of hydrogen per year, with the first supported project expected to come online in 2026.
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