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Company Sought International Partners With Innovative Technologies to Achieve Competitive Pricing
During the Hydrogen Dialogue Latam, held in São Paulo on October 18 and 19, the company Quinto Energy made a projection regarding the cost of green hydrogen produced from its wind and solar energy projects, which total 14GW of installed capacity.
The company’s vice president, Hugo Chang, revealed that their project forecasts that the price per kilogram of green hydrogen will be close to that of gray hydrogen, which is produced from gas, currently priced between US$ 1.50 and US$ 2.00.
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During his presentation at the seminar, the executive explained that the company’s project has been in development for 10 years and for hydrogen to reach a globally competitive price, Quinto Energy prioritized attracting strategic partners with innovative technology to ensure that the venture requires investment at an attractive value. “Our concern is to deliver the lowest levelized cost of energy. If today our projects have competitive prices, it is because we brought international partners from Germany and China to contribute to this energy price composition. Cheap energy, cheap hydrogen,” concludes the representative of Quinto Energy.
Considered one of the companies with the largest renewable energy portfolio in the country, Quinto Energy has five projects under development in Bahia, totaling 14GW of installed capacity. The hybrid complexes are being developed on more than 2,500 properties that the company has leased across 15 municipalities in the interior of Bahia. More than R$ 60 million has been invested in the land regularization of these rural areas.
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