January 07, 2025 [Yahoo Finance]- The Renewables Infrastructure Group (TRIG) has secured an electricity supply contract from Qair France, a renewable energy company, and other partners to power the upcoming Hyd’Occ renewable hydrogen production unit in Port-la Nouvelle, Aude, France.
TRIG, a renewable energy investment company, will provide Hyd’Occ with electricity sourced from its two onshore wind farms in the Occitanie region, under the power purchase agreement (PPA). This partnership will support the development of a sustainable energy model in the area.
The Hyd’Occ green hydrogen facility project being developed by the Hyd’Occ project company, a subsidiary of Qair, was launched with an investment of €60m ($65.4m) in February 2023 and will be commissioned in 2025.
TRIG managing director Minesh Shah stated: “Securing attractive power purchase agreements is an important part of TRIG’s revenue management strategy. Providing projects like Hyd’Occ with locally generated renewable electricity is another step towards our ambition for a cleaner, more secure future.”
The Hyd’Occ facility will deliver zero-carbon mobility solutions for maritime, land, river and rail transport, and for industry. The plant aligns with the region’s €150m green hydrogen energy transition plan.
The project’s initial phase is expected to yield up to 3,000 tonnes of renewable hydrogen.
Qair France managing director Guirec Dufour stated: “We are delighted to have established a partnership with TRIG to supply part of the electricity for the production of renewable hydrogen in the Occitanie region. Once operational, our production unit will be able to produce 3,000 tonnes of renewable hydrogen per year.”
Hyd’Occ will be the largest renewable hydrogen production facility in France and will generate 40% of the country’s hydrogen.
RES Services served as advisor to TRIG on the transaction.
RES Services PPA and energy market manager Nicolas Lanoue de Menthon stated: “RES Services is pleased to have advised on this transaction and to have established a new partnership contributing to decarbonisation by producing renewable hydrogen powered by local wind farms operated by RES on behalf of TRIG.”
“TRIG and Qair France sign PPA for Hyd’Occ French hydrogen plant” was originally created and published by Power Technology, a GlobalData owned brand.
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