Portugal has launched its hydrogen strategy
Portuguese hydrogen strategy spearheaded by €1bn project
Developer Madoqua Renewables partners with consultancy Power2X and Copenhagen Infrastructure Partners for Madoquapower2X project
Developer Madoqua Renewables has announced a 500MW green hydrogen project based in Sines, Portugal. The Portuguese firm will partner with Dutch consultancy Power2X and Danish fund manager Copenhagen Infrastructure Partners (CIP) to advance the €1bn ($1.1bn) Madoquapower2X project. Madoquapower2X will produce 50,000t/yr of green hydrogen and 500,000t/yr of green ammonia and is the largest of its type in Portugal. The hydrogen will be used initially to decarbonise local industry, with the ammonia exported from the terminal at the port of Sines. “Portugal is structurally well positioned to play a leading role in the emerging energy transition space in Europe,” says Rogaciano Rebelo, CEO of Mado
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