Eternal Power GmbH, based in Hamburg, is embarking on a significant green hydrogen project in Northern Germany, specifically near Rostock. The project involves the development of an electrolysis plant with an initial capacity of 80 MW, set to expand to 400 MW by 2028, requiring a total investment of €800m. This expansion aims to produce 8,000 tonnes of green hydrogen annually. Eternal Power has already secured land usage rights for the project site and signed substantial agreements with customers, including a notable €2.3bn preliminary contract. The advisory team from Watson Farley & Williams (WFW) played a crucial role in guiding Eternal Power through the planning and development phases of the project. The multidisciplinary team, led by Wolfram Böge, provided legal counsel on various aspects, including corporate, regulatory, and financing matters. This support underscores WFW's proficiency in handling complex cross-border transactions within the energy and infrastructure sectors. Eternal Power, established in 2021, brings together a team with extensive experience in renewable energy and successful implementation of hydrogen pilot projects. The project serves as a flagship endeavor in the advancement of green hydrogen, showcasing the commitment towards sustainable energy solutions. It signifies a significant stride in the global transition to cleaner energy sources and underlines the increasing importance of green hydrogen in the renewable energy landscape.