Green hydrogen producer Lhyfe believes its 100MW Green Horizon project in Normandy is “well on track” for final investment decision in 2026.
Speaking on a webinar today, Lhyfe Founder, Chairman and CEO Matthieu Guesné said the second tranche of French government subsidy should be released “in the first half of next year” for the 28,000 sqm project. The first payment, for €18.6m, was received in June.
“The time it takes us to get the environmental authorisation [and] to start the construction [means it will] enter commercial operation in 2029,” he said. “Any site which is now starting this kind of authorisation will not enter into operation before the end of the decade.”
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