The companies propose producing 12,000 tonnes of hydrogen annually and exporting it to Europe. Investment in the project is estimated at $320 million.
The focal point of the project is Enel Russia’s wind power station under construction in Murmansk region with a capacity of 201 MW. The station is expected to go into operation in December 2021 and construction is proceeding on the basis of an agreement to supply power from alternative energy sources.
The hydrogen project could be in operation from 2024.
Rusnano’s presentation did not make it clear how the hydrogen would be transported to Europe. Murmansk region has no gas pipelines and no decision has yet been made on sending the hydrogen by sea. Rail transport by cistern is an alternative option, but could prove expensive.
The hydrogen project is being undertaken as part of a broader partnership between Rusnano and Enel Russia in alternative energy sources. The two companies intend to create a joint fund to take part in the selection process for support for green generation in Russia for the period 2025-2935, with each side intending to put up 36.5 billion roubles – or a total of 800 million euros.
