Techno-economic Model and Feasibility Assessment of Green Hydrogen Projects Based on Electrolysis Supplied by Photovoltaic PPAs

The use of hydrogen produced from renewable energy enables the reduction of greenhouse gas (GHG) emissions pursued in different international strategies. The use of power purchase agreements (PPAs) to supply renewable electricity to hydrogen production plants is an approach that can improve the feasibility of projects. This paper presents a model applicable to hydrogen projects regarding the technical and economic perspective and applies it to the Spanish case, where pioneering projects are taking place via photovoltaic PPAs. The results show that PPAs are an enabling mechanism for sustaining green hydrogen projects.