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    Germany Holds Its First Ever Green Ammonia Imports Auction

    First Offshore Wind Auction In California Generates $757M

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    Onshore Windfarm Ban Overturned In A UK Government U-Turn

    Irish Wind Farms Gave Local Communities €4.3 Million In 2021

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    UK To Charge Renewable Energy Generators A 45% Windfall Tax

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    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    ABO Wind connects first wind farm in Poland

    By 2040, Floating Offshore Wind To Add 67K Total Jobs In UK

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

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Germany Holds Its First Ever Green Ammonia Imports Auction

in News, Renewable Power

With a budget of EUR 360 million (USD 378.68 million), the German government has begun the first auction aimed at reducing imports of green ammonia from non-EU nations.

This awarding procedure is a component of the H2Global programme, which aims to encourage the industrial output of green hydrogen and its byproducts in non-EU and EFTA nations. A budget of EUR 900 million was agreed by the Federal Ministry for Economic Affairs and Climate Action in December to support investments in the manufacture of green hydrogen, which will thereafter be imported into the EU.

The government will enter into long-term purchase agreements with the state-owned Hintco Corporation as part of H2Global to offtake green ammonia, green methanol, and sustainable aviation fuel (SAF) at the most affordable costs through an auction. Producers will be guaranteed investment and planning security in this manner. To meet demand across Europe, Hintco will also reach short-term sales agreements with clients at the best price.

The financing granted by BMWK will make up for the loss brought on by the discrepancy between the sale price and the anticipated higher acquisition price.

By February 7, 2023, bids for the current lot of the auction must be submitted. First deliveries to Germany and Europe are scheduled for the end of 2024 under a ten-year contract that the winners will sign with Hintco for the delivery of green ammonia.

The auction’s next two lots, which are focused on imports of green methanol and SAF, will soon go live.

Germany will allocate an additional EUR 3.5 billion as part of the 2023 budget for future auctions with terms lasting up to 2036 in an effort to create H2Global as a European tool for the expansion of the green hydrogen market.

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