Energiequelle invests in green hydrogen in Finland

German Developer Energiequelle Plans Over 500 MW Green Hydrogen Facility in Oulu, Finland

German renewable energy developer and operator Energiequelle GmbH has announced ambitious plans to build a green hydrogen production facility with a target capacity of over 500 MW in the Finnish city of Oulu, located in the northern part of the country. The project, scheduled to be carried out in phases between 2028 and 2033, has the potential to become a key element of the European renewable hydrogen value chain.

Oulu Green Hydrogen Park – A Three-Phase Project
According to the company, the project will be implemented in three phases:

Phase One (by 2028) includes the construction of a green hydrogen production plant with a capacity of up to 5 MW and a hydrogen refueling station for buses and heavy-duty vehicles.

Phase Two envisions expanding production capacity to the 10–50 MW range. If infrastructure permits, hydrogen export via pipeline and through the Port of Oulu is also planned.

Phase Three foresees further expansion of production capacity to the range of 100–500 MW. However, the pace of implementation will depend heavily on market conditions and the availability of suitable infrastructure.

The project will be closely tied to the plans of Finnish transmission system operator Gasgrid Finland, which is developing hydrogen transport infrastructure to integrate Finnish production with both domestic and European markets, including Germany. Engineering firm Worley has already been selected as the project’s engineering partner under a four-year contract. “This is a major industrial investment, and the land reservation we’ve received is just the first step toward concrete investment decisions,” emphasized Karl Schultheis, Head of New Ventures Development at Energiequelle Finland.

Finland as a Key Player in Green Hydrogen Production
Energiequelle has identified Finland as a strategic location for developing renewable hydrogen production, mainly due to its vast land areas and strong potential for rapid growth in green energy generation. This makes the country particularly attractive amid the ongoing electrification of the European economy. “Finland has tremendous potential for rapidly increasing renewable energy production, which makes it an ideal place for developing hydrogen projects,” said Nils Borstelmann, Managing Director of Energiequelle Finland.

Parallel Wind Market Success in Germany
While expanding in Finland, Energiequelle continues to achieve success in its domestic wind market. The company secured contracts in the latest onshore wind energy auction in Germany for five projects with a total capacity of 143 MW.

The winning projects include wind farms in four federal states:

Schleswig-Holstein – Wulfshagen: 8 turbines, 49.6 MW

Thuringia – Bilzingsleben: 5 turbines, 27.8 MW, and Werther: 4 turbines, 27.2 MW

North Rhine-Westphalia – Minden: 3 turbines, 17.1 MW

Lower Saxony – Lüben: 5 turbines, 21.3 MW

“I’m glad we were able to secure contracts for all the projects we submitted. This is a crucial step toward further development and planning stability,” said Gregor Weber, Vice President of Project Management at Energiequelle.

To date, the company has completed over 850 wind turbines with a total nominal capacity of 1,700 MW, making it one of the more experienced players in the European renewable energy sector.

Source: h2-view.com