10GW AquaVentus plan backed by major players still awaiting crucial auction timetable and details as initiative’s chief warns time is pressing
Making a profitable business case for green hydrogen, in general, recently has become more difficult due to cost inflation in the supply chain and the rising cost of capital, Robert Seehawer, managing director at the AquaVentus support association, told Recharge.
And the sector is “dependent on external factors”, Seehawer said in an interview, “the first and foremost is, when does the SEN auction start?”
Germany’s government has set aside the 1GW SEN-1 zone in the North Sea as a special innovation area for offshore wind and originally had planned to auction it off in 2022. As part of the Ostend declaration on offshore wind by various countries surrounding the North Sea, Berlin hinted at a tender last year after the country’s hydrographic and maritime agency (BSH) increased the geographical size of the zone.