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Developers Norway
Stuart Penson
26 September 2025
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Letter on hydrogen: Nordic powerhouse

Norway’s long-term potential as a major green hydrogen and ammonia exporter remains intact, despite the near-term challenges facing project developers

One of the world’s largest green ammonia projects hit a key milestone in late September. Iverson, a proposed 270MW plant at the port town of Sauda in southwest Norway, secured approval for its zoning plan from the municipal council, potentially keeping it on track for FID and commissioning in 2029. The project, under development by Germany’s Hy2Gen and Danish infrastructure investment firm Copenhagen Infrastructure Partners, is expected to produce around 200,000t/yr of green ammonia, with storage and loading facilities at the port of Sauda providing its main route to market. The plant’s electrolysers will run on hydropower. “This is a crucial step forward for the project and the beginning of

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