Pattern Energy, a Canadian green hydrogen company, has made a significant breakthrough by signing a letter of intent with a German firm, Mabanaft, to purchase all green hydrogen and ammonia from its proposed Argentia site. The deal, quietly signed in March, was announced at the Energy N.L. annual conference and exhibition. The project, estimated to cost $1.5 billion, will involve the development of a wind energy farm, hydrogen electrolysis plant, and storage facility on 4,000 acres of land in Argentia. Pattern Energy's project, while the smallest among proposals in Newfoundland, has positioned the company ahead of others in securing purchase agreements for green ammonia, marking a milestone in the industry. Challenges remain, as securing long-term purchase agreements is crucial for project financing, with only 12% of the expected capacity for 2030 currently having agreements in place. Concerns over contract tenure and government subsidies impact investor confidence. The industry is heavily subsidized in its early stages, with potential buyers waiting for clarity on government support, notably in the form of tax credits. Overall, Pattern Energy's advancement into the European market reflects a positive outlook for the green hydrogen industry, although challenges in securing agreements and navigating government subsidies remain key considerations for industry players.