This page demonstrates creation and documentation of a project finance model for a hydrogen project. I show the project finance model and I also include a file for computing the levelised cost of an electrolyzer compared to the levelised cost of producing hydrogen from natural gas. I use a case study from Egypt with an electrolyzer from China. I have tried to explain the financial model using a power point presentation and with a video. The cost drivers and the hurdles to producing green hydrogen are emphasized as well as typical mis-understanding of drivers. I argue that producing hydrogen in Egypt is a way to transfer the solar energy from the Sahara Desert to Europe and to deal with the high natural gas price in Europe.
The power point slides below describe the modelling process including computing the LCOH and creating a comprehensive financial model.