German Aid for Canadian Renewable H2
📢 New funding opportunities for hydrogen projects in Canada.
The European Commission has approved a €200 million German State aid scheme to support the production of renewable hydrogen and its derivatives (RFNBOs) in Canada for supply to the EU market.
✅ Key elements of the German support scheme:
📌 Germany notified the Commission of a €200 million support programme, complemented by an additional €200 million in Canadian funding, to enable cost-efficient RFNBO production in Canada.
📌 The scheme aims to incentivise the construction of up to 300 MW of electrolysis capacity through a competitive bidding process, expected to conclude in 2027.
📌 It is based on a double auction model, matching RFNBO producers in Canada with buyers in the EU. Producers offering the lowest supply price and buyers offering the highest offtake price will enter into a contractual relationship with State resources helping to fill the funding gap between the two prices.
📌 Beneficiaries must demonstrate full compliance with EU RFNBO sustainability and certification criteria, as defined in the delegated acts on renewable hydrogen.
📌 The scheme is expected to avoid up to 2.47 million tonnes of CO2-equivalent emissions.