Repsol has knowledgeable pv journal that it has frozen 90% of Spain’s hydrogen projects nearing last investment choices, while Statkraft has confirmed that it has revised its plans for its hydrogen project in Norway.
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Repsol has establish three green hydrogen projects on defend in Spain. It has frozen more than €200 million ($216.3 million) in investments for a 150 MW installation in Tarragona, a 100 MW space in Bilbao, and a 100 MW project in Cartagena. “All our planned renewable hydrogen investments in Spain are frozen resulting from an gruesome regulatory ambiance, particularly the manager’s announcement to non-public a windfall tax on energy corporations eternal,” a Repsol spokesperson knowledgeable pv journal. “The most trendy regulatory ambiance is no longer conducive to long-term industrial energy transition investments.” Repsol’s perfect active electrolyzer project is in Sines, Portugal. Repsol acknowledged Brent vulgar prices cling dropped 29% and refining margins cling fallen 83% since the introduction of transient taxes. The corporate criticized the Spanish executive for elevating its renewable hydrogen goal to 12 GW by 2030 while penalizing deepest investors. Repsol notorious that 370 MW of hydrogen projects are nearing last investment choices in Spain, with more than 90% of those projects below its keep watch over.
Statkraft has revised its plans for its hydrogen project in Mo, Norway, cutting capability from 40 MW to 20 MW and delaying commissioning from 2025 to 2027. “We thought to create out 20 MW within the first segment with the chance of expansion. The planned beginning up of production is in 2027,“ a Statkraft spokesperson knowledgeable pv journal. “There were steep price increases and a slower model in demand for green hydrogen in Europe. And the regulatory framework has no longer been successfully in space to facilitate development within the hydrogen market.” The corporate goals to focal point on a more streamlined portfolio, targeting 1 GW to 2 GW by 2035, which it claims is aloof an “ambitious” development goal.
Strabag is checking out Liebherr’s L 566 H, the arena’s first tall hydrogen-powered wheel loader, in every day operations over two years. “The L 566 H wheel loader is the arena’s first tall wheel loader with a hydrogen engine,“ acknowledged Liebherr. A hydrogen filling assign is being built to refuel the wheel loader straight at the quarry.
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