Bankability of hydrogen projects improving

But more support is needed to provide financial backing and education on hydrogen projects, say panellists at the First Element conference

Conditions for securing financing for large-scale hydrogen projects are improving, according to panellists speaking at Gulf Energy Information’s First Element conference. There are a number of key factors in securing offtake, according to Simon Collier, partner with professional services firm EY Law. “As with any other large projects, what you are looking for is long-term guarantee of demand, a long-term guarantee of price, a creditworthy offtaker and a political environment that gives you stability,” he says. National hydrogen strategies are starting to fulfil the last condition in the list, and there are plenty of creditworthy offtakers looking to secure supply. But more government interve