The KGAL ESPF 6 Energy Transition Fund is investing in a green hydrogen project at Lubmin, a Baltic Sea port in Mecklenburg-Western Pomerania, with a total capacity of up to 1,050 megawatts. This project is part of Germany’s largest planned centre for the production and import of green hydrogen, with Europe-wide significance. KGAL has partnered with project initiator PtX Development GmbH and project planner GP JOULE, the German green energy specialist.
The Lubmin project is being built on the site of a former nuclear power plant and the land has already been secured. In the first phase of the project, which is scheduled for completion in 2028, an electrolysis capacity of approximately 210 megawatts will be installed. A further 840 megawatts will be added in stages during the second phase. PtX Development, the initiator and developer of hydrogen production sites, has secured the cooperation of integrated energy supplier GP JOULE as project developer. GP JOULE has been active in the hydrogen business since 2012, making it one of the industry’s pioneers.
The location is ideal for green hydrogen production and commercialization due to access to 2.8 gigawatts of offshore wind energy, water from the Baltic Sea, a direct connection to the electricity grid, and access to the German hydrogen core network, serving numerous consumers along its 9,700-km route.
Source: europe-re.com on the 24th of September, 2024
https://europe-re.com/kgal-invests-in-green-hydrogen-project-in-lubmin-de/73505