Portuguese project developer Madoqua Renewables has partnered with Dutch energy transition project developer and consultancy Power2X and Danish fund manager Copenhagen Infrastructure Partners’ Energy Transition Fund (CIP) to build MadoquaPower2X, a EUR1 billion (US$1.07 billion) industrial-scale project for the production of green hydrogen and ammonia in Sines, Portugal.
MadoquaPower2X will use renewable energy and 500 MW of electrolysis capacity. It is the first project to be installed at the future energy and technological hub of Sines, with an industrial-scale production of 50,000 tons of green hydrogen and 500,000 tons of green ammonia per year.
The hydrogen produced under this project can be used by the local industry as well as processed to create green ammonia for export from the terminal at the port of Sines.
The project is currently under development and is expected to be fully permitted and ready for a final investment decision by the end of 2023, with construction to commence thereafter and the first hydrogen production by the middle of the decade.
Country updates
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