en.Wedoany.com Reported - Germany and Australia have clarified the design of a €400 million green hydrogen auction scheme, which will be carried out under the H2Global mechanism, aiming to support the production of renewable hydrogen products in Australia and facilitate their offtake through the German market.

Under the arrangement, Germany and Australia will each provide up to €200 million in funding, totaling up to €400 million. The funds will be used to procure hydrogen products in Australia through a tender process, which will then be resold in the German market via a separate auction mechanism. Public funds will cover the difference between procurement costs and resale prices.

The two sides signed a new letter of intent on June 19, further refining the long-term cooperation framework, with support lasting up to 10 years. Under the current arrangement, Australia is expected to supply renewable hydrogen, ammonia, and methanol to Germany starting from 2030. With the clarification of the €400 million H2Global hydrogen auction plan, Germany and Australia will create new project opportunities in green hydrogen, green ammonia, green methanol, port logistics, and cross-border trade.

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