Portuguese project developer Madoqua Renewables has partnered with Dutch energy-transition project developer and consultancy Power2X and Danish fund manager Copenhagen Infrastructure Partners’ (CIP) Energy Transition Fund to build MadoquaPower2X, a €1 billion ($1.1 billion) industrial-scale project for the production of green hydrogen and ammonia in Portugal.
MadoquaPower2, which will use renewable energy and 500 megawatts of electrolysis capacity, is the first project to be installed at the future energy and technological hub of Sines in Portugal, with an industrial-scale production of 50,000 tons of green hydrogen and 500,000 tons of green ammonia per year.
The hydrogen produced under this project can be used by the local industry, as well as processed to create green ammonia for export from the terminal at the port of Sines.
“We are proud to bring this strong consortium to Portugal and collaborate with partners across the green hydrogen and hydrogen der