Back to News

Aberdeen Hydrogen Energy Partnership

Transaction Support

28th November 2021

DWPF provided financial modelling and transaction support to an infrastructure fund bidding for the Aberdeen Hydrogen Energy Partnership.

 

The Aberdeen Hydrogen Hub concept will enable the continued development of a hydrogen economy in the city. A key part of the programme will involve the creation of Scotland’s first scalable green hydrogen production facility. Phase 1, which involves delivery of a green hydrogen facility, is targeting first operations from 2024.

 

As a result, options also included using power drawn from a new photovoltaic solar farm, green power purchase agreements and a private wire grid connection to generate hydrogen for buses, heavy goods vehicles and large vans.

 

Future phases could then see production scaled up through further investment to supply larger volumes of hydrogen for rail, freight and marine, as well as supply of hydrogen for heat and potentially export. This would be enabled by the expected increased availability of local renewable energy sources, including offshore wind developments that emerge from the ScotWind leasing round.

 

The Aberdeen Hydrogen Hub programme will support Aberdeen City Council’s ambitions to create a climate positive city and build inclusive growth through supporting hydrogen supply chain development, skills and training, and wider community benefits. A study commissioned by Aberdeen City Council on the growth in demand for hydrogen power estimates that if the hydrogen hub enables the export of renewable hydrogen, then 700 skilled jobs could be created in the hydrogen industry by 2030.