Aquaterra, Seawind partner on 3.2 GW floating wind-driven green hydrogen project in Italy.
UK-based offshore engineering solutions firm Aquaterra Energy and Netherlands-based supplier of floating and bottom fixed offshore wind assets, Seawind Ocean Technology have formed a partnership. The companies aim to develop the 3.2 GW HyMed project in Italy’s deep waters, with first production expected by 2027.
The project is currently in its first phase of permitting, with significant progress already achieved on the grid connection and the environmental impact assessments. Initial field development of the first asset called HyMed is expected to produce 3.2 GW of electricity, of which more than 1 GW will be green hydrogen once production units are fully operational. The partners expect to transport the produced green hydrogen to global markets by pipeline or vessels. The collaboration will act as a template for future offshore renewable energy projects between the companies including a highly impactful 300 MW hydrogen production project in southwest Greece named “Icarus.”
Aquaterra Energy’s offshore engineering and green hydrogen production expertise will compliment Seawind’s multiyear expertise in floating offshore wind technology.
Today’s deal marks the first floating wind-driven green hydrogen partnership in Italy, and comes soon after sources revealed that an developer has submitted plans for a 900 MW+ floating wind farm that will be used to power an offshore electrolyzer. The agreement also represents the largest floating wind-driven green hydrogen partnership in Europe since the start of 2021.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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