PASH sets up 5-GW green hydrogen platform with ERIH Holdings

Apr 27, 2023 01:58 PM ET
  • UK-based clean projects capitalist developer PASH Global has consented to establish a joint venture (JV) with renewables financier ERIH Holdings to develop green hydrogen as well as ammonia manufacturing projects completing 5 GW.
PASH sets up 5-GW green hydrogen platform with ERIH Holdings
Image: PASH Global

The proposed capacity will certainly be deployed in Italy, Spain, Turkey, Greece, Serbia and also Colombia by 2030, PASH Global stated on Wednesday. Under the strategy, power from 10 GW of sustainable power generation capacity, consisting of wind, solar as well as geothermal plants, will be sourced to power the electrolysers.

Each of the JV partners will certainly hold a 50% risk in the new organization. ERIH, which is working as project planner, will certainly keep connections with clients as well as system drivers and also care for carrying the generated green hydrogen.

"Constructing the next-generation utility is the vision of the JV," stated Akin Gunduz, CEO of ERIH Holdings.

As a start, PASH Global as well as ERIH will certainly work on two projects situated in Turkey and also Italy, where they will certainly look for potential partners to develop industrial and technological concepts. The duo kept in mind that the targeted projects are complex as well as will certainly need substantial work in regards to approvals, layout, construction and also commissioning.

PASH Global is majority owned by Singaporean trading and also logistics group Trafigura.

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