EU and Brazil Collaborate on Pioneering 10GW Green Hydrogen Project for Croatia

November 30, 2023
The European Union, led by Ursula von der Leyen and the President of Brazil, supports a monumental 10GW green hydrogen project from Brazil to Croatia. The project, part of a €2 billion Global Gateway investment, features a hydrogen and ammonia production facility in Piauí, Brazil. The Green Energy Park, developed by Solatio Energia Group of Spain, will produce hydrogen and ammonia for export to Croatia’s Krk island.

Piauí Governor Rafael Fonteles has touted the project as the largest of its kind globally, with investments exceeding BRL 100 billion. Additionally, Unigel, under the leadership of CEO Roberto Noronha Santos, is set to invest USD 1.5 billion in a separate green hydrogen project in Brazil, aiming to leverage technology from Thyssenkrupp Nucera.

The initiative aligns with the EU's REPowerEU targets and contributes to the global green hydrogen market growth, projected to reach USD 7.314 billion by 2027. This market expansion is fueled by decreasing renewable energy costs and advances in electrolysis technologies. However, challenges like high initial costs and sustainability management remain key concerns.

 

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Green Hydrogen Market

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$1018 BN
2027

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Green Energy Park, developed by Solatio Energia Group of Spain, will produce hydrogen and ammonia for export to Croatia’s Krk island.

Green Hydrogen market expansion is fueled by decreasing renewable energy costs and advances in electrolysis technologies.

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