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Siemens Energy Wunsiedel Green H2

Operational✓ Source-checked

Siemens Energy / Stadtwerk Wunsiedel

Project Overview

Country: Germany
Region: Bavaria
Capacity: 8.75 MW
Technology: PEM Electrolysis
Investment · scope not declared (USD): $11M
Subsidy Status: disbursing

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Development Timeline

AnnouncedJul 2020

FIDApr 2021

ConstructionJul 2021

OperationalOct 2022

Readiness Score

88/ 100

Mature

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(implied)+5

✓Confirmed price / tariff+5

✓Applied to government program+5

Financing

✓Project finance / debt secured(implied)+10

✓Subsidy (disbursing)+10

Track Record

✗Developer has completed H2 project+5

✓Developer has completed RE project+3

✓Developer has energy experience+2

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