Germany has scrapped its €350m ($368m) plans for an EU-style renewable hydrogen auction 12 months after announcing the scheme, according to reports.
BNN Bloomberg reported that Germany’s Economy Ministry could not agree on the auction’s terms and conditions with the European Commission due to “very tight specifications.”
The Auction-as-a-Service (AaaS) scheme was set up by the Commission to allow member states to run their own subsidy auctions for green hydrogen production.
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