In what may be remembered as a landmark week for the emerging hydrogen economy, Recharge was at the very heart of the debate, as our ‘Blue vs Green’ digital roundtable brought high-level figures shaping the future of H2 together a day after the EU released its long-awaited strategy for the key energy transition fuel.
The Recharge digital roundtable was told that the EU’s plan for at least 40GW of renewable-powered electrolysers by 2030 was a historic moment that will leave a legacy for generations to come, with one panelist predicting its marks the beginning of the end of the fossil fuel era.
The event – which heard from energy giants Equinor and Enel, engineering group Worley and key industry bodies Hydrogen Europe, Eurogas and WindEurope – took place just 24 hours after the European Commission’s eagerly-anticipated announcement, which was pored over for its relative emphasis on green hydrogen from renewables and the blue variety from abated gas.
Despite the clear priority given to renewable hydrogen, green groups were disappointed by the inclusion of blue, claiming the EU had fallen for the fossil sector’s hype.
A reminder of the huge global hydrogen economy that’s emerging came when Saudi Arabia, renewables developer ACWA Power and Air Products unveiled plans for 4GW of wind, solar and storage to power electrolysis of an unprecedented 650 tons a day of H2.
If you missed the Recharge hydrogen roundtable, you can view it here.
It was another eventful week in the Indian renewable energy sector, where wind manufacturer Suzlon saw its CEO JP Chalasani resign just days after the troubled group wrapped up a long-awaited debt restructuring.
Speaking a day after he left the role, Chalasani predicted that Suzlon could once again become the “darling” of the Indian wind sector, which he said had seen some tough times in recent years.
Tough it may have been but global appetite to invest in Indian renewables still seems strong, as shown by a partnership beteween Enel and Norway’s Norfund to jointly build and operate projects there.
An eventful week too for global wind power giant EDPR and its parent utility EDP, as the CEOs of both groups were suspended amid a long-running investigation in Portugal into corruption allegations that both men have previously denied.
With an interim CEO in place, EDPR said it would continue to pursue its global business strategy as the legal process unfolds.
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