Top 10 Green Hydrogen Exports: Scatec’s 20-Year Deal, EUR 2 B Plant, and Binding Offtakes (2024-2026)

The global Green Hydrogen market is rapidly transitioning from ambitious announcements to a critical execution phase, where securing binding offtake agreements has become the primary determinant of project success. Landmark deals, including Scatec’s 20-year supply agreement in Egypt facilitated by Germany’s H 2 Global program and Reliance Industries’ massive US$3 billion green ammonia contract with Samsung C&T, are establishing the new commercial benchmarks. The dominant theme from 2024 through 2025 has been the pivotal role of government-backed support mechanisms in de-risking investments and bridging the price gap, enabling the first wave of mega-projects to move toward a Final Investment Decision (FID).

1. NOUR Project (Mauritania) Targets 10 GW Capacity

Company: Chariot, Mauritanian Government
Capacity: Planned 10 GW of electrolyzer capacity by 2030
Application: Green hydrogen and derivatives for export to European markets
Source: Green hydrogen – Wikipedia

2. Asian Renewable Energy Hub (Australia) Plans 14 GW Electrolyzer

Company: BP, Inter Continental Energy, CWP Global, Macquarie
Capacity: 14 GW of electrolyzers powered by 26 GW of renewable energy
Application: Green ammonia exports to Asian markets like Japan and South Korea
Source: Green hydrogen pathways for a net-zero future – RSC Publishing

3. Green Energy Oman (GEO) Project Secures First Offtake

Company: OQ, Inter Continental Energy (ICE), Ener Tech
Capacity: 1.8 million tonnes of green hydrogen annually
Application: Green ammonia production, with a binding offtake for 100, 000 tonnes
Source: List of 10 Upcoming Green Hydrogen Projects in Oman (2026)

4. Egypt’s SCZONE Program Lands 20-Year German Contract

Company: Scatec, Fertiglobe, AMEA Power, ACWA Power
Capacity: National target of 1.5 MTPA of green hydrogen by 2030
Application: Green ammonia for export, with Scatec securing a 20-year offtake with Fertiglobe
Source: Scatec’s Egypt Green Hydrogen Project signed 20-year offtake …

5. Reliance Industries Signs Landmark $3 B Green Ammonia SPA

Company: Reliance Industries Ltd (RIL), Samsung C&T
Capacity: Part of RIL’s green energy giga-complex
Application: Green ammonia export to South Korea under a US$3 billion binding agreement
Source: [PDF] RELIANCE INDUSTRIES SIGNS LANDMARK GREEN AMMONIA …

6. ACWA Power’s Egypt Project Backed by 1.1 GW Wind

Company: ACWA Power
Capacity: 600, 000 tonnes per year of green ammonia in phase one
Application: Green ammonia export, supported by a dedicated wind farm PPA
Source: ACWA Power to Complete Green Hydrogen Project in Egypt by 2028

7. Brazil-Germany EUR 2 B Green Hydrogen Plant

Company: Brazil Green Energy, Green Investors (Germany)
Capacity: Initial capacity of approximately 800 MW
Application: Green hydrogen for export to Germany and the EU
Source: Power Markets – PFI

8. Kawasaki Drives Canada-Japan Liquid Hydrogen Route

Company: Kawasaki Heavy Industries
Capacity: Focused on developing large-scale liquefied hydrogen carriers (40, 000 m³)
Application: Creating the supply chain for liquid hydrogen exports from Canada to Japan
Source: Japan ignites hydrogen race with construction of world-first LH 2 …

9. South Africa’s Coega Project Advances to FEED Stage

Company: Hive Hydrogen, Linde, Afrox
Capacity: 1 million tonnes of green ammonia per year
Application: Green ammonia for export to Asian and European markets
Source: South Africa’s R 105 bn hydrogen project advances to front-end …

10. H 2 Green Steel Secures Automotive Offtakers

Company: H 2 Green Steel
Capacity: Approximately 800 MW electrolyzer plant
Application: Captive use in green steel production, with multi-year offtake deals for the final product
Source: [PDF] International Green Hydrogen Report 2024 – Bird & Bird

Table: Top 10 Global Green Hydrogen Export Projects (2024-2026)

Green Ammonia Exports, Leading Projects Target 10 M Tonnes Annually

The market is decisively consolidating around green ammonia as the primary vector for long-distance hydrogen transport. Its established global supply chains and higher energy density make it a more bankable choice compared to the technological and logistical challenges of liquefied hydrogen. Projects like the Green Energy Oman (GEO), which aims to produce 10 million tonnes of green ammonia annually, and ACWA Power’s Egyptian project targeting 2 million tonnes, underscore this strategic preference. The advancement of South Africa’s R 105 billion Coega project to the FEED stage in September 2025 for 1 million tonnes of ammonia further cements this trend. In contrast, technologically complex routes like the Kawasaki-led Canada-Japan supply chain for liquid hydrogen are on a slower, more deliberate development track, focused on building out the specialized infrastructure like 40, 000 m³ carriers for the early 2030 s.

Global Hydrogen Supply Chains Mapped

This map supports the section’s focus on long-distance transport and supply chains by visualizing emerging global trade routes for green hydrogen.

(Source: Kawasaki Heavy Industries)

North Africa & Middle East, Over $100 B in Planned Hydrogen Investments

A clear geographic pattern has emerged, with North Africa and the Middle East positioning themselves as the world’s premier green hydrogen export hubs. This leadership is driven by a combination of world-class solar and wind resources, strategic proximity to key markets like Europe, and proactive government strategies. Egypt’s Suez Canal Economic Zone (SCZONE) alone has attracted over $83 billion in planned investments across more than 30 Mo Us. This is complemented by Mauritania’s $10 billion phase of its NOUR Project and Oman’s multi-billion-dollar investments, including the GEO project. These regions are outpacing other resource-rich areas like Australia, where the massive Asian Renewable Energy Hub remains in the FEED phase, and Brazil, where a German-backed EUR 2 billion plant is still in development.

Project Pipeline Surges Toward 400 GW

The chart reinforces the section’s theme of massive planned investments in regions like MENA by showing the scale of the global project pipeline.

(Source: Nature)

20-Year PPA, Scatec’s Offtake Shows Market De-Risking

The market’s maturity is best illustrated by the shift from speculative Memorandums of Understanding (Mo Us) to bankable, long-term contracts. The critical catalyst has been government-led mechanisms that de-risk private investment. Scatec’s 20-year offtake agreement signed in July 2024 for its Egyptian project is the definitive example. The deal, underpinned by Germany’s H 2 Global auction system, provided the revenue certainty needed to advance. Another successful strategy is the captive use model demonstrated by H 2 Green Steel in Sweden. By securing multi-year offtake agreements for its final green steel product with automotive majors like Porsche well before 2025, the project effectively secured demand for its embedded hydrogen, allowing it to move forward with its 800 MW electrolyzer plant. This contrasts sharply with multi-gigawatt projects like NOUR and AREH, which are still working to secure the anchor offtakers required for an FID.

Green Hydrogen, $3 B Reliance Deal Signals Asian Market Acceleration (2026)

The single most critical development to monitor is the conversion of the vast project pipeline into a wave of Final Investment Decisions, expected between 2026 and 2028. This will be predicated on replicating the successful offtake and support models seen in the past two years.

• The landmark $3 billion Supply Purchase Agreement signed by Reliance Industries with Samsung C&T in March 2026 validates the scale of Asian industrial demand and provides a powerful blueprint for private-sector offtake agreements.
• Germany’s H 2 Global program, which directly enabled the Scatec/Fertiglobe deal, is gaining traction as a model for other import-dependent nations to secure long-term green hydrogen derivative supplies.
• The progression of projects like South Africa’s Coega plant to the front-end engineering design (FEED) stage in September 2025 shows that the next tier of mega-projects is solidifying technical plans to attract offtakers and financing.
• While green ammonia remains the dominant export carrier, continued investment in enabling technology, such as Kawasaki’s development of large-scale liquid hydrogen carriers, signals a long-term strategy for a more diversified hydrogen transport market in the 2030 s.

Japan’s Green Hydrogen Market to Grow

This chart substantiates the claim of “Asian market acceleration” by providing a concrete forecast for explosive growth in Japan’s green hydrogen market.

(Source: MarkNtel Advisors)

The questions your competitors are already asking

This report covers one angle of the commercial execution of large-scale green hydrogen export projects. The questions that matter most depend on your work.

• Which companies are gaining ground in the green hydrogen export market by securing binding offtake agreements?
• What is the outlook for government-backed green hydrogen projects in Egypt and Brazil reaching a Final Investment Decision (FID) by 2025?
• Which European and Asian industrial groups are adopting green ammonia through binding offtake agreements?

This report does not answer these. Enki Brief Pro does.

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