VVR Green is one of the few renewable hydrogen production projects to have received this Potential National Interest status.
Madrid, 4th of September 2024 – The Portuguese Agency for Investment and Foreign Trade (AICEP) has granted its Potential National Interest (PIN) status to the VVR Green renewable hydrogen production project owned by the international renewable hydrogen developer and producer DH2 Energy.
The PIN status is a support system for investments that are considered of special interest for Portugal due to their economic factors and positive impact.
DH2 Energy’s VVR Green project consists of a renewable hydrogen production plant at an advanced stage of development located in Vila Velha de Ródão, in Castelo Branco, in the interior of Portugal.
The plant will have an initial capacity of 35 MW of electrolysis and 49 MWp of solar pv. The project uses a captive solar photovoltaic plant to produce electricity to power the electrolyser and also entails a connection to the electricity grid. Renewable hydrogen production will amount to 1,650 tons per year in the first phase of the project.
The plant will be expanded to 75 MW of electrolysis and 100 MWp of solar pv in a second phase.
“We are very satisfied and grateful for the recognition that comes with being granted Potential National Interest status for our VVR Green project. This initiative will contribute to the decarbonization and revitalization of the economy in the region,” stated the Director of DH2 Energy Portugal, Nuno Gonçalves.
About DH2 Energy
DH2 Energy is a company dedicated to the development of large-scale renewable hydrogen plants from the electrolysis of water and the production of renewable hydrogen and its derivatives. DH2 Energy is one of the largest developers of green hydrogen in the Iberian Peninsula. Recently, DH2 Energy was amongst the seven winners in the first European renewable hydrogen auction for its Hysencia project in Spain.
DH2 Energy has a subsidiary in Portugal and a local team for this market and is also present in other markets such as France, Mexico and Uruguay. In Spain, it has one of the largest portfolios of projects in development, according to the first national census of hydrogen projects carried out by the Spanish Hydrogen Association, AeH2.
Picture: Renewable hydrogen plant (DH2 Energy)
