General – HyMed
Aquaterra Energy today announces an agreement with Seawind Ocean Technology to co-develop the world’s largest offshore floating wind and green hydrogen production project.
The project is named HyMed, with 3.2GW of production expected by 2027 in Italian ultra-deep waters.
The project is currently in its first phase of permitting, with the grid connection and the environmental impact assessments well under way. The wind and hydrogen offshore assets are planned to be developed and constructed by both Aquaterra Energy and Seawind in Italy, opening up thousands of qualified jobs.
Aquaterra Energy will provide its offshore engineering and green hydrogen production expertise to ensure the right approach and solutions are chosen to drive the development forward. This will be complimented by Seawind’s multiyear expertise on floating offshore wind technology.
The collaboration will provide a unique offering and act as a template for other future offshore renewable energy projects between the companies including a highly impactful 300MW exclusively hydrogen production project in southwest Greece named Icarus.
Initial field development of the first asset called HyMed is expected to produce 3.2GW of electricity, of which more than 1GW will be green hydrogen once production units are fully operational. The project partners expect to transport the green hydrogen onshore by pipeline or by vessels to global markets when complete. Hydrogen is at the heart of the energy transition in Europe and this project will leverage the wind electricity and hydrogen markets, starting in Italy.