“We don’t want rents or subsidies” for hydrogen, says EDP CEO
Miguel Stilwell d'Andrade points out that the conversion of coal-fired power stations may involve hydrogen-related investments, but he rules out rents or subsidies for this purpose.
The CEO of EDP admits that the conversion of coal-fired power plants in Spain and Sines may involve hydrogen-related investments, but he rules out rents or subsidies for the purpose. “We have some assets that can have hydrogen projects,” Miguel Stilwell d’Andrade explained in an interview with Jornal de Negócios.
Stressing the confidence that hydrogen “will be one of the vectors to decarbonise the economy,” the CEO of the company points to the “decommissioning of coal plants,” which have “good interconnections with the network, typically have land and often even have assets, for example, the part of cooling”. “These are assets that can be harnessed,” he points out.
Besides suggesting that these assets can be used to close a coal power plant, Miguel Stilwell d’Andrade highlights the possibility of “other types of projects, smaller and more transport-oriented”, adding that EDP has “several ongoing conversations”.
