EU-Funded Hydrogen Projects in Africa Face Major Cost Increases, Study Warns

Spiegel

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Germany needs large quantities of organic hydrogen to replace natural gas. So far, companies have also relied on imports from Africa. These promises are costly and risky, researchers have calculated.

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Cost-effective fuel: If we want to produce green hydrogen in Africa and import it to Europe, it could be expensive, because the financing costs for hydrogen plants in Africa are significantly higher than expected and the fuel is therefore not competitive on the world market, as researchers have calculated. Only about 200 locations in African countries could possibly be suitable for hydrogen export to Europe. Prerequisites for this are acceptance…