Germany is stepping up its green energy game with a substantial €200 million investment awarded to a UAE-linked firm, Fertiglobe, which was acquired by ADNOC in 2023.
This investment, part of Germany’s ambitious H2Global initiative launched in 2021 with a funding pool of €5 billion, aims to accelerate the global hydrogen market. This specific allocation will support the delivery of a quarter of a million tonnes of hydrogen by 2027, primarily focusing on green ammonia for industrial use in sectors like chemicals and fertilizers.
The plan involves setting up 273 MW of renewable energy projects in Egypt to produce the required green ammonia, signifying a notable boost to Germany’s hydrogen supply capabilities. This strategic move will cover about 10% of Germany’s annual production needs between 2027 and 2033, offering a more cost-effective solution than current EU hydrogen production estimates. The deal also underscores Germany’s commitment to integrating European and non-European hydrogen sources to meet its decarbonization goals.
