EU approves Dutch renewable hydrogen subsidy plan


  • World
  • Tuesday, 30 Jul 2024

THE HAGUE, July 29 (Xinhua) -- The European Commission announced on Monday that it has approved a 998 million euros (1 billion U.S. dollars) Dutch subsidy scheme aimed at boosting the country's electrolysis capacity and supporting the production of renewable hydrogen.

This initiative aligns well with Brussels' green agenda, the commission said in a press release, explaining that it aims to contribute to the development of renewable hydrogen in accordance with the objectives of the European Union (EU) Hydrogen Strategy and the European Green Deal.

The subsidy scheme will support the construction of at least 200 megawatts (MW) of electrolysis capacity in the Netherlands, according to the commission.

The scheme will help the Netherlands achieve its target of 500 MW of electrolyzer capacity by 2025 and 3 to 4 gigawatts by 2030, it said. (1 euro = 1.08 U.S. dollar)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Erdogan ally floats Turkey constitutional amendment to let him extend his tenure
Irish PM to call general election this week
Kremlin says Moldovan election was unfair, questions Sandu's legitimacy
Swiss police catch more than a dozen drug traffickers in Verbier bust
Poland to spend $750 million to boost ammunition production
Apple explores push into smart glasses with ‘Atlas’ user study
Hacker gets into woman’s email, changes every password, tries to make purchases
Exclusive-India aims to curb judges' arbitrary sentences for criminals, sources say
Want to help a friend find love? Give a PowerPoint presentation
Ukraine's military says it shot down 48 drones and two missiles overnight

Others Also Read