Browsing: REGIONAL

Germany’s OWP Butendiek offshore wind farm is making waves in the renewable energy sector with the signing of a groundbreaking offshore power purchase agreement (PPA). This landmark agreement, with the invaluable support of Pexapark, a software and consulting firm specializing in renewable energy, is a pioneering move in the emerging field of green hydrogen production.

India has placed a significant bet on green hydrogen. The Indian government has already committed substantial financial resources, with over Rs 19,000 crores earmarked to transform the nation into a “global hub” for green hydrogen energy production, utilization, and export. However, a recent report by Bengaluru-based think-tank Climate Risk Horizons has raised important questions about the potential environmental impact of India’s green hydrogen initiatives.

In recent years, green hydrogen has staged a remarkable comeback and is emerging as a linchpin in the pursuit of a climate-neutral economy. It promises to play a pivotal role, particularly in addressing emissions in challenging sectors such as transport, heating, and heavy industry, and offers a solution for inter-seasonal energy storage. This resurgence of green hydrogen, driven by both energy security and decarbonization imperatives, is now not only fostering economic opportunities but also birthing a new era of EU-Africa relations.