The world’s largest offshore floating wind and green hydrogen generation project will be co-developed by Aquaterra Energy and Seawind Ocean Technology.
The 3.2GW electricity generating capacity of the HyMed project will be situated in ultra-deep waters off the coast of Italy. By the time the production units are completely operational, more than 1GW of this will be green hydrogen.
The project is anticipated to be finished in 2027 and is now in the first phase of permitting, with the grid connection and the environmental impact studies underway.
Aquaterra Energy will contribute its knowledge in green hydrogen production and offshore engineering to make sure the best strategy and options are selected to move the programme forward. Seawind’s extensive knowledge of floating offshore wind technology will complement this.
When the project is finished, the project’s partners want to ship the green hydrogen to international markets or transfer it ashore by pipeline.
The partnership will offer a distinctive product and serve as a model for upcoming offshore renewable energy initiatives between the corporations, including a 300MW hydrogen production project called Icarus in southwest Greece.
Anne Haase, Renewables Director at Aquaterra Energy, said “With governments and business recognising the value of hydrogen as a vital resource for net zero initiatives, energy security, and guarding against volatile natural gas prices, we are hugely excited by the opportunities for production presented by this new partnership.”
“Seawind’s fully integrated and scalable floating wind model offers a clear path to cost-effective industrial scale production – and we are delighted to be able to provide the final piece of the production puzzle for it.”
Dimitrios Moudouris, CEO at Seawind Ocean Technology, added “We are pleased to partner with Aquaterra Energy in these highly impactful projects in Italy and Greece. We consider the Mediterranean to be the best area where significant offshore wind projects can be developed and cross-border synergies can be made, serving Europe and MENA.”
“Aquaterra Energy has displayed its expertise and commitment to green hydrogen through existing projects and we identified an experienced partner to enable us to accelerate our ambitious offshore wind and hydrogen project development strategy.”