Portugal’s hydrogen call attracts €16bn of proposed investments
The Portuguese government said this week that it has received 74 expressions of interest in response to its call for hydrogen projects, which was launched in mid-June.
“The proposed investments amount to approximately €16 billion, which is equivalent to 7.5% of Portuguese GDP,” the government said.
Portuguese developers and other European companies across the entire value chain proposed projects, with participation from the public and private sectors. “The projects also cover different strategic areas, from the production of green hydrogen to transport,” the government explained, without revealing any additional details about the projects or the developers.
The government will now determine whether the proposals are in line with the call’s requirements. It will provide another update on July 27.
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