Germany's H2Global fund awards €200 million to import green hydrogen.
A green hydrogen production facility (wind turbines and electrolyzer)
Launched in 2021 to support global hydrogen market growth.
Winning bidder - UAE-linked Fertiglobe (acquired by ADNOC in 2023).
Headshot of Robert Habeck, German Economy Minister
273 MW of renewable energy to be installed in Egypt for production.
Green hydrogen shipments expected between 2027 and 2033.
German industry needs large quantities of green hydrogen for decarbonization..." - Robert Habeck
€4.5 per kg - cheaper than projected EU production costs.
International Council on Clean Transportation estimates €5.15 per kg for European production by 2030.
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