Germany has signed the agreement to participate in the H2MED project (GH2 Initiative), which Portugal, Spain, and France agreed to last October (initially to carry both gases at the outset and then green hydrogen, but now solely focusing on the latter).
After the recent Franco-German meeting in Paris, the statement was made. The H2MED, which joins Portugal, Spain, and France thanks to European money, will now include Germany as a participant in the project’s infrastructure, said a thrilled French President Macron.
Mr Macron added there is “a will” to promote green hydrogen at a European level.
The Spanish government also announced the deal recently in a statement, highlighting how this “strengthening of the pan-European character of H2MED for the first time in history” might transform the Iberian Peninsula into a “hub” leader of green energy for all of Europe.”
According to Spanish reports, “The agreement follows negotiations between the administrations of the four nations, favored by their fervently pro-European perspective.”
In October, Portugal, Spain, and France agreed to create two new green hydrogen transportation routes between Celorico da Beira and Zamora (CelZa) and Barcelona and Marseille (BarMar), as part of the H2MED project.
The construction of a pan-European “pipeline” from Portugal to Germany had been proposed months earlier by German Prime Minister Olaf Scholz as a means of reducing the continent’s reliance on Russian gas and increasing energy sources.
The “Green Energy Corridor,” a set of new energy-transport routes connecting Portugal, Spain, and France, has ultimately abandoned the concept of transferring gas for a variety of reasons, not the least of which is logistical.
The project is anticipated to cost €3 billion, with €1 billion from European financing, and it is anticipated to be finished by 2030.
According to sources, H2MED “would be able to transport 2,000,000 tonnes of green hydrogen annually between Barcelona and Marseille and 750,000 tonnes between Celorico da Beira and Zamora.
According to Lusa, “These amounts approximate to 10% of the projected green hydrogen (H2) consumption throughout the European Union in 2030, making this project the first significant European corridor of this energy.”
Green hydrogen is created using clean energy sources like solar or wind power (which Portugal and Spain have in abundance)
According to the Portuguese Environment Minister Duarte Cordeiro, H2MED “will require, on the part of Portugal, reconversions of the gas network to carry hydrogen from producing areas to Celorico da Beira and, in turn, to Spain.”
For more update follow us on Linkedin
Source: Portugal Resident
