BayWa, Lhyfe selected for solar-powered hydrogen project in France

BayWa r.e. AG, the renewables business of German group BayWa AG (ETR:BYW6), today announced it will build a 40-MWp solar-plus-storage plant in southwestern France as part of a project that has the potential to include green hydrogen production as well.

Following a call for expression of interest (EOI), the Community of Communes of Haute-Saintonge has selected the BayWa business, together with French green hydrogen producer Lhyfe SA (EPA:LHYFE), to execute the project in the department of Charente-Maritime.

BayWa r.e. said it will lead the development of the photovoltaic (PV) park and the battery storage system, while Lhyfe will be in charge of the solar-powered green hydrogen component. BayWa r.e. has suggested that the local authority invests in the project during the development stage and later take a majority stake.

The company noted that the addition of green hydrogen production is dependent on securing local offtake and utilisation opportunities. It recognises the potential for the output to be sold to industrial players, local authorities, associations or school and urban transport, within a 100-150 km radius. A one-year study will be undertaken to confirm this potential.

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