Germany plans to hold an exclusive AUD $660m ($444m) auction for green hydrogen imports into Australia through H2Global funding.
The agreement was signed by the Australian Minister for Climate and Energy, Chris Bowen, and the German State Secretary for Economic Affairs and Climate Action, Anja Hajduk, at the APAC Hydrogen Summit in Brisbane, Australia.
The joint funding is expected to be available over the next 10 years to support new commercial supply and access to the European market through guaranteed offtake agreements.
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