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المشهد العربي
Source: المشهد العربي
8 Hrsالمشهد العربي
Source: المشهد العربي
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Germany’s Ministry for Economic Affairs has earmarked at least €1.5 billion to accelerate the development of the hydrogen market and help industries switch to low-emission fuels. The funding will be provided through carbon contracts for difference, which cover companies’ additional costs for 15 years. The funds are expected to be allocated through tenders in 2027, with the possibility of increasing the amount depending on demand. The plan also includes support for gas-fired power plants with a combined capacity of up to 4 gigawatts to retrofit them for hydrogen. The tenders aim to allocate 2 gigawatts in 2027 to plants whose conversion is due to begin in 2040, and a further 2 gigawatts between 2030 and 2032 to plants targeted to begin conversion by 2043.
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