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Portugal opens competitive process for renewable gases

The Portuguese government officially launched an auction for the centralised purchase of renewable gases, hydrogen and biomethane, with a pool of EUR 140 million. The scheme and funding have been approved by EC State Aid decision SA. 109042, which we previously reported on in December 2023.

Agreements with producers will take the form of Contracts for Difference (CfDs), where investors/prospective producers will bid a strike price for their eventual output. The reference price will be the physical gas price. The producers will also surrender ...

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