France – The government will devote an envelope of 4 billion euros to the production of green hydrogen.
France dreams of being a European leader in the production of low-carbon hydrogen and is putting its hand in its pocket to achieve this. After announcing an Investment plan of 9 billion euros by 2030 , the government announced in Le Figaro that it would grant 4 billion euros to support the production of low carbon hydrogen in the country. through calls for projects.
The winners of the calls for projects will be awarded a score, based 70% on price criteria and 30% on non-price criteria, explains Le Figaro, specifying that this mechanism made it possible to smooth prices. Aid will be paid to producers when production costs are higher than for conventional hydrogen – if not, they will have to return the difference.
The Minister for Energy Transition told the newspaper.
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This virtuous mechanism has been tested with renewable energies.
“It has made it possible to build a solid base for the production of green electricity with a sector which today contributes positively to the state budget.”
Agnès Pannier-Runacher said:
We first supported the construction of electrolyzers or fuel cells and now we are securing the production of operators and making it competitive.
Le Figaro specifies that bonuses are also planned, to reward projects committing to phase out in the event of high demand on the electricity networks, and for projects whose production will come at least half from new parks. renewables built within this framework.
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The government will devote an envelope of 4 billion euros to the production of green hydrogen, August 29, 2023
