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Green NortH2 Energy Naantali

Pre-FID✓ Source-checked

Green North Energy Oy (Elomatic, Flexens; financial partner Meridiam since Nov-2024)

Project Overview

Country: Finland
Region: Varsinais-Suomi
Capacity: 280 MW
Technology: PEM Electrolysis
Investment · scope not declared (EUR): €600M
Subsidy Status: —

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Development Timeline

Announced2022

FID—

Construction—

Operational2031planned date

Readiness Score

0/ 100

Early Stage

Weighted checklist of public info. Not a prediction of success.

Development

✗Final Investment Decision+15

✗EPC Contract signed+10

✗Permits obtained+8

✗Grid connection secured+7

Commercial

✗Binding offtake agreement+15

✗MOU / offtake letter of intent+5

✗Confirmed price / tariff+5

✗Applied to government program+5

Financing

✗Project finance / debt secured+10

–Subsidy (not recorded)+0

Track Record

✗Developer has completed H2 project+5

✗Developer has completed RE project+3

✗Developer has energy experience+2

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