Spain's Iberdrola is slashing its green hydrogen ambitions by almost two thirds after delays in getting funding for some projects it has already presented, highlighting the challenges faced by a market that depends heavily on subsidies. The company now expects to produce roughly 120,000 tons of green hydrogen a year by 2030, compared with a previous goal of 350,000 tons, a spokesperson confirmed to Reuters on Friday. The move comes as Europe's top utility by market capitalization embarks on a three-year, $45 billion investment drive to expand and upgrade power grids, add renewable capacity and bolster energy storage on both side of the Atlantic.
In this article, we will look into the 15 biggest wind energy companies in the world. If you want to skip our detailed analysis, you can go directly to the 5 Biggest Wind Energy Companies in the World. Wind Energy Market: An Analysis According to a report by Precedence Research, the global wind energy market […]
AVANGRID (AGR) receives a proposal to sell its 18.4% outstanding shares to Iberdrola for $2.5 billion.