en.Wedoany.com Reported - Schroders Capital and Carlton Power have reached a Final Investment Decision (FID) on the Barrow Green Hydrogen Project in Cumbria, UK, a facility with an installed capacity of 30MW.

The project is owned and being delivered by the Green Hydrogen Energy Company (GHECO), a joint venture established in 2023 between Schroders' renewable energy division Greencoat and Carlton Power. The Barrow project is one of the first renewable hydrogen production facilities in the UK to reach FID, and the first project on the GHECO platform to enter the construction phase.

The project was originally initiated and developed by Carlton Power. In June 2025, following the UK government's first Hydrogen Allocation Round (HAR1), the company signed a Low Carbon Hydrogen Agreement (a type of Contract for Difference) with the government. Subsequently, the project was acquired by GHECO, which continued and completed the commercial and technical development, ultimately leading to FID.

Kristian Høeg Madsen, Co-Head of Hydrogen Investments at Schroders Greencoat, stated that reaching the Final Investment Decision for the Barrow project is a key milestone for Schroders Greencoat and the UK's emerging hydrogen economy. He also noted that by integrating the Contract for Difference, a long-term Power Purchase Agreement with SEFE, and reliable industrial offtake from Kimberly-Clark, they have established a contracted, inflation-linked infrastructure.

Eric Adams, Hydrogen Projects Director at Carlton Power, said the project was first conceived in early 2022, and its successful progression through HAR1 to FID would not have been possible without the tremendous efforts of all parties involved, particularly Kimberly-Clark, the UK Department for Energy Security and Net Zero (DESNZ), the Low Carbon Contracts Company, and the GHECO team.

Energy Minister Michael Shanks said the Barrow Green Hydrogen Project showcases the UK's burgeoning hydrogen industry, which is vital for ending dependence on fossil fuels, driving investment, and creating jobs for local communities in Cumbria and across the UK.

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