The tender, originally announced in September 2024, will see both nations commit €400m ($464.6m) to the scheme, which could see Australian producers export volumes of green hydrogen, green ammonia, and green methanol to Europe.
Aimed to support the development of green hydrogen projects, the double-sided auction will see German-funded investment vehicle Hintco purchase hydrogen through long-term contracts and resell it to the highest bidder.
The auction’s opening date is proposed for the first half of 2026, with production support planned to run FY2028-29 through FY2037-38.
Now, the Australian government is asking for feedback on the tender’s design, with a consultation open until 30 September.
The consultation paper seeks information on the proposed timeframe, eligibility of derivatives, minimum project size, and more.
It would come as one of the first nationally-focused H2Global schemes, after the first contract was awarded to Fertiglobe in 2024 or at least 397,000 tonnes of green ammonia produced in Egypt.
A joint auction between Germany and Canada is also being pursued.
Australia’s 2024 refreshed strategy set the target of exporting between 0.2 million tonnes and 1.2 million tonnes of hydrogen per year by 2050, through partnerships with Germany, Japan, and South Korea.
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