Pattern Energy, a Canadian green hydrogen company, has made a significant entry into the European market by signing a letter of intent with a German energy firm, Mabanaft, to purchase all products from its proposed Argentia site. The deal, announced at the Energy N.L. conference, positions Pattern Energy ahead in the race to produce green hydrogen and ammonia for foreign markets. The company plans to develop a wind energy farm, hydrogen electrolysis plant, and storage facility on 4,000 acres of land at the Port of Argentia, with an estimated project cost of $1.5 billion. While awaiting finalization of the deal with Mabanaft, Pattern Energy has submitted its environmental impact statement with the provincial government, aiming to clear the process by year-end. However, challenges persist in the industry, including the need for long-term purchase agreements and government tax credits to attract buyers and secure project financing. As companies like Pattern Energy and World Energy GH2 move towards project execution, the Canadian government's tax credit structure for the green hydrogen industry plays a crucial role in shaping the future. With only a few projects having secured purchase agreements and uncertainties around funding, the industry awaits clarity on government support to drive growth and sustainability in the green hydrogen sector.