HyDeal claims green hydrogen offtake at €2.5/kg

Large-scale Spanish green hydrogen hub attributes highly competitive price to production from cheap solar power

Low-cost solar power in Spain has enabled green hydrogen producers within the HyDeal hub project to secure offtake deals at delivered prices as low as €2.5/kg ($2.64/kg), according to HyDeal president Thierry Lepercq. That price undershoots some analysts’ estimates that the levelised cost of production in Spain is around €3/kg, which would place the country alongside Norway as one of Europe’s most competitive suppliers. “We at HyDeal know where the market is because we have already secured offtake at that price: €2.5/kg,” Lepercq told the Word Hydrogen Congress in Rotterdam. “It has to be an obsession, not an obsession to look for subsidies, an obsession to lower costs, lower capex, lo