Hydrogen Allocation Round 1
Over GBP 2 billion (USD 2.5 billion) of OPEX support was allocated to 11 projects (125 MW of electrolysis) in the first HAR1, with operations to start in 2025. The average strike price was GBP 241/MWh (USD 10.2/kg). Private capital investment of GBP 413 million (USD 525 million) is expected between 2024-2026
Three projects (31.8 MW) with strike prices of 6.3, 6.7 and 7.1 GBP/kg signed contracts in January 2025 and DESNZ expects to offer contracts to the remaining 8 in early 2025. One more (9.3 MW) with a strike price of GBP 7.1/kg signed a 15-year contract in March 2025
By May 2025, 6 out of 11 had signed contracts
By July 2025, 9 out of 11 had signed contracts (two smallest projects pending)
Three projects (31.8 MW) with strike prices of 6.3, 6.7 and 7.1 GBP/kg signed contracts in January 2025 and DESNZ expects to offer contracts to the remaining 8 in early 2025. One more (9.3 MW) with a strike price of GBP 7.1/kg signed a 15-year contract in March 2025
By May 2025, 6 out of 11 had signed contracts
By July 2025, 9 out of 11 had signed contracts (two smallest projects pending)
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