Portuguese Agency Grants National Interest Status to DH2 Energy's Green Hydrogen Project
Key Ideas
- DH2 Energy's green hydrogen production project has received national interest status in Portugal, signifying its importance for the country's economic growth.
- The VVR Green project in Vila Velha de Ródão will feature a 35MW electrolysis capacity and 49MWp of solar photovoltaic, with plans for expansion to 75MW in the future.
- The initiative is supported by AICEP due to its positive impact on Portugal's economy and its alignment with sustainable practices.
- The granting of Potential National Interest status will facilitate investments in the project, highlighting its significance for the region's development.
DH2 Energy's green hydrogen production project, known as the VVR Green project, has achieved national interest status from the Portuguese Agency for Investment and Foreign Trade (AICEP). This recognition under the Potential National Interest (PIN) status acknowledges the project as being of special importance for Portugal due to its economic factors and positive impact. The production plant will be situated in Vila Velha de Ródão, a municipality in Castelo Branco, and will initially have a capacity of 35MW for electrolysis and 49MWp for solar photovoltaic. There are plans to expand the facility's hydrogen production to 75MW in the second phase, emphasizing the project's growth potential. The support from AICEP highlights the significance of DH2's initiative in driving economic development and embracing sustainable practices. By granting national interest status, the project will benefit from a support system that encourages investments, ultimately contributing to the advancement of green technology and renewable energy in the region.