General – European Commission
The European Commission has approved a €3 billion German-Dutch scheme for the construction of 1.875 GW of electrolysis capacity.
The scheme will support the production of renewable fuels of non-biological origin (RFNBOs), including renewable hydrogen, throughout the world. Germany will contribute €2.7 billion and the Netherlands €300 million.
The scheme is based on a double auction system, which brings together RFNBO producers, most of which will be in non-EU countries, and RFNBO buyers in Germany and the Netherlands. Beneficiaries will have to prove compliance with EU criteria for the production of RFNBOs.
Germany and the Netherlands expect that the scheme will lead to up to 5.73 million tonnes of CO2 equivalent being avoided.
