Germany to seek bids for 12.5 GW H2-ready power plants
BERLIN, July 5 (Reuters) -Germany will launch the first tender for the construction and modernisation of 12.5 gigawatts (GW) of gas power plants that can switch to hydrogen by the end of 2024 or early next year, the economy ministry said on Friday.
The planned tenders are part of efforts to supplement intermittent renewable energy and speed up the transition to low carbon generation and follow pressure from the industry.
Called the Power Plant Safety Act, the plans include two tenders for building new hydrogen-ready gas power plants, each round of 5 GW capacity, in addition to 2 GW tenders for retrofitting old gas power plans for the use of hydrogen, 0.5 GW of long-term storage and 0.5 GW for fully-hydrogen-powered plants, the ministry added.
Investment costs and the difference in operating costs between hydrogen and natural gas will be subsidised for 800 full-load hours per year once the switch to hydrogen is made, the ministry said.
Germany's top utilities, most notably RWE RWEG.DE, EnBW EBKG.DE and Uniper UN0k.DE, have long criticised the lack of details for the scheme, warning that this could put at risk Germany's plan to accelerate the phase-out of coal.
The tenders will be divided into two phases, with a deadline of eight years for the first-phase-constructed plants to switch to green or blue hydrogen, it said, adding that the plants will be predominantly be built in southern Germany, where much of the industry is located, to enhance grid stability and cut costs.
Germany last month won the European Union's informal approval to pay billions of euros to subsidise these power plants.
"After we have given momentum to the expansion of renewables and the expansion of the grid ... the Power Plant Safety Act is now giving us three times the momentum in the power plant sector," Economy Minister Robert Habeck said in a statement.
Germany is transitioning to renewables, having switched off nuclear power and seeking to phase out coal-powered electricity, but wants to give state support for natural-gas powered plants that underpin the grid during demand peaks and lows in unsteady supply from wind and solar power.
Reporting by Riham Alkousaa; Additional reporting by Christoph Steitz; editing by David Evans
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
