The Dutch government has announced its plans to boost subsidies for the production of green hydrogen, derived from renewable energy sources. In a statement released on Friday, the government revealed that it will allocate an additional 1 billion euros ($1.1 billion) for green hydrogen production in the upcoming year. Furthermore, a substantial sum of 3.9 billion euros will be set aside in the following years.
The objective set by the Netherlands is to achieve a minimum capacity of 4 gigawatts of green hydrogen production by 2030. However, this target may be doubled to 8 gigawatts by 2032, subject to certain conditions. The feasibility of this expansion relies on the availability of ample wind power, a robust electricity grid, and significant demand from the industrial sector.
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Climate Minister Rob Jetten emphasized the importance of this initiative in relation to the country's CO2 reduction objectives. He stated, “We want to significantly increase hydrogen production in the Netherlands, which is indispensable for reaching our CO2 reduction targets.”
Previously, the Dutch government had already announced a dedicated fund of 9 billion euros for the deployment of green hydrogen over the next decade. This fund is part of a larger 35 billion euro fund designated for financing the energy transition.
Within the total allocation, approximately 300 million euros will be specifically reserved to encourage the import of green hydrogen. Additionally, the government is exploring options to provide subsidies to industrial users to facilitate their transition to hydrogen and promote its usage.
The increased investment in green hydrogen production underscores the Netherlands' commitment to sustainable energy solutions and reinforces its position as a frontrunner in the global energy transition.
