EU Backs Barbados’ Green Hydrogen Project for Energy Independence

Barbados is making a major leap toward its 100% renewable energy by 2030 target with the launch of the Renewstable® Barbados (RSB) project, a pioneering green hydrogen power plant. Supported by the European Investment Bank (EIB), this initiative is led by HDF Energy and aims to increase the country's renewable energy capacity by 50%.

Located at Harrow Plantation, St. Philip, the plant will integrate large-scale solar power with on-site green hydrogen storage, ensuring stable and round-the-clock electricity generation. The facility will replace 13 MW of imported fossil-fuel-based power, reinforcing Barbados' commitment to energy security and sustainability.

During a ceremony at Ilaro Court on February 19, European Commission President Ursula von der Leyen emphasized the project's importance, stating: "Renewable energy is homegrown... it gives you energy independence and security."

Financial support for the RSB project includes contributions from IDB Invest, the International Finance Corporation (IFC), and the Green Climate Fund (GCF), with the EIB offering a mix of investment grants and guarantees.

HDF Energy's Deputy CEO, Hanane El Hamraoui, reaffirmed the company's commitment to Barbados' clean energy transition, while Thibault Menage, HDF's Regional Vice President, highlighted the project's potential to serve as a model for other CARICOM nations.

With a regional office in Barbados, HDF Energy is fostering partnerships across the Caribbean, leveraging European technology and financing to drive low-carbon hydrogen solutions.

Source: hdf-energy.com