EU prepares for next auction
EU eyes tighter rules in future green auctions
Larger bond payments and shorter startup windows likely as EU looks to build on success of inaugural European Hydrogen Bank auction
Projects bidding for subsidies via future rounds of the EU’s European Hydrogen Bank auction are expected to face stricter requirements, including tighter startup deadlines and the need to pay larger deposits, according to EU officials. The second auction, scheduled to take place by the end of this year, is expected to require bidding green hydrogen projects to start up within three years of subsidy awards, compared to five years under the recently completed first auction. Under the auction rules, projects failing to meet the startup deadline lose their deposit, or completion bond, which was set at 4% of the subsidy value for the first auction. Future auction rounds could see the bond raised
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges
