Green hydrogen is now competitive with fossil fuels’ | ArcelorMittal among offtakers at massive 7.4GW project in Spain
Green Hydrogen Competes With Fossil Fuels
Most gigawatt-scale green hydrogen projects that have been announced to date are somewhat speculative, focused more on production than usage — yet without guaranteed off-takers, developers will struggle to raise the necessary finance.
A new 7.4GW renewable H2 project has been announced in Spain that largely solves this problem, by including two major industrial consumers — steel maker ArcelorMittal and fertiliser producer Fertiberia — among the developers.
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