Portugal plans new hydrogen plant in post-coronavirus "green" future [Reuters]
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Source: Reuters
Portugal plans new hydrogen plant in post-coronavirus 'green' future LISBON (Reuters) - Looking to a more environmentally-friendly future after the coronavirus, Portugal is preparing a handful of multi-billion projects including a new hydrogen plant and will revive a delayed solar auction in June, a minister said. Work to build the solar-powered hydrogen plant near the port of Sines will start within a year and could attract up to 5 billion euros ($5.43 billion) in private investment, Environment Minister Joao Matos Fernandes told Reuters. The plant could start producing “green” hydrogen, a cleaner energy source than fossil fuels, by 2023 via electrolysis - a process using electricity to split water - and the aim is for one gigawatt by 2030, he said in the telephone interview late on Wednesday. “The economy cannot grow along the lines of the past and our post-coronavirus vision is to create wealth from projects that reduce carbon emissions and promote energy transition and sustainable
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