Germany, Austria and Luxembourg have launched a dual-auction mechanism to support the European market ramp-up of renewable electricity-based sustainable aviation fuel (eSAF). The mechanism will bring producers and buyers together, with public subsidies covering the remaining price gap between supply and demand. Germany will provide up to €2 billion ($2.28 billion), while Austria and Luxembourg will each contribute up to €60 million. The supported eSAF volumes are expected to be marketed in the three countries in proportion to their respective funding contributions. The mechanism uses a double-auction model in which eSAF producers compete to offer fuel at the lowest price, while buyers bid for supplies on the demand side. An intermediary concludes longer-term contracts with producers and shorter-term agreements with buyers, with public funding covering the resulting price gap. This is designed to provide producers with the long-term revenue certainty needed to finance new eSAF plants while limiting subsidies through competitive bidding.

Mauritania’s Ministry of Energy and Petroleum has signed an agreement with CWP Global for the development of the Aman green hydrogen project, establishing the long-term contractual framework for its next phases, as well as its fiscal, economic and development terms. CWP Global Chairman Mark Crandall said the project has reached the front-end engineering design (FEED) stage, with a final investment decision targeted before 2030.

The African Development Bank Group (AfDB) will provide $20 million in reimbursable grants to support four green hydrogen and low-carbon iron projects in Africa. 24 million. The AfDB said the four projects represent an estimated $23 billion in investment and include the equivalent of 20 GW of solar and wind generation capacity, 7 GW of electrolyzer capacity, and 2,950 MWh of battery energy storage capacity.

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