Green Energy Park's Global Gateway Project in Brazil: Accelerating Energy Transition
Key Ideas
- The Global Gateway initiative will position Green Energy Park (GEP) in Brazil as a flagship project, offering strategic endorsement and access to sustainable investment.
- GEP aims to export hydrogen from its 10.8 GW plant in Piauí to Croatia, establishing a hub for European distribution.
- Brazil has signed a low-carbon hydrogen bill into law, providing incentives and a certification scheme to promote the energy carrier.
- GEP raised $30m in Series A funding and secured rights to a hydrogen port terminal in Brazil for green ammonia exports to Europe.
Green Energy Park's project in Brazil has been recognized as a priority under the EU's Climate and Energy category, designated as a Global Gateway initiative. This project will support GEP by accelerating the energy transition, fostering sustainable partnerships, and providing access to sustainable investment. The 'North-East Brazil Green Energy Parks & Green Shipping Corridors' initiative aims to create a network of European infrastructure projects in the region to drive industrial development. GEP plans to export hydrogen produced from its 10.8 GW plant in Piauí to Croatia for European distribution. The low-carbon hydrogen bill signed into law in Brazil provides incentives and a certification scheme to promote the energy carrier, aligning with global sustainability goals. Despite some debate and modifications to the bill, the focus remains on promoting low-carbon hydrogen production. GEP's successful funding round and rights acquisition to a hydrogen port terminal in Brazil demonstrate significant progress in the green energy sector.
Topics
Policy
Power
Funding
Green Energy
Partnership
Sustainable Investment
EU
Infrastructure Projects
International Trade
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