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Germany commits EUR 588 million to bilateral H2Global Tenders with Australia and Canada

Hintco announced that Germany’s BMWK has officially committed up to EUR 588 million for the two bilateral H2Global tenders with Canada and Australia. This follows previous declarations of intent signed in 2024 by Germany, Canada and Australia.

Germany’s firm fund allocation is expected to be complemented by Australia and Canada, resulting in total tender volume for both tenders of up to EUR 1.2 billion.

Following the soon-to-be launched bilateral tender between the Netherlands and Germany, which brings two importer countries together; the envisaged bilateral tenders with Australia and Canada will see exporting and importing countries join forces. Production will take place in the co-financing partner country, further strengthening the diversification of the global production of clean hydrogen and derivatives.

Image of Hintco

Press release https://tinyurl.com/mwrr56v4

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