European renewable fuel of non-biological origin (RFNBO) hydrogen production costs fell sharply across the assessed European markets Oct. 9, driven by lower feedstock power prices and stronger renewable generation.
Platts assessed the cost of RFNBO-compliant hydrogen in France €3.27/kg lower at €7.99/kg and in Spain €2.96/kg lower at €9.64/kg.
Germany recorded lower production costs as feedstock power prices fell 27% day over day. Total renewable generation increased 92%, supported by a fourfold rise in onshore wind output and a 446% increase in offshore wind generation. Solar output, however, declined 64%.
The Netherlands also saw lower production costs, supported by a 26% decline in power prices. Total renewable generation rose 253% day over day, driven by a near-fivefold increase in onshore wind generation and a 236% rise in offshore wind output. Solar generation fell 14%.
Spain recorded lower production costs as feedstock power prices fell 31%. Total renewable generation increased 40%, supported by an 83% rise in onshore wind generation and a 6% increase in solar output.
In France, RFNBO hydrogen production costs decreased as power prices fell 42%. Total renewable generation rose 91% day over day, driven by a 125% increase in onshore wind generation, a 6% rise in offshore wind output, and a 72% increase in solar generation.
Platts is part of S&P Global Energy.