电新前沿观察:欧盟发布氢能项目补贴顶层设计 设备出海标的有望受益

中信建投证券
Aug 10, 2025

核心观点欧盟发布《支持清洁工业协议的国家援助措施框架》(CISAF),作为顶层框架指导欧盟成员国合法合规地设计国家援助政策,以鼓励在欧盟境内增加对清洁技术、可再生能源、工业脱碳和制造能力的投资。氢能位列CISAF 的重点领域之一,补贴范围覆盖氢气生产及其衍生品生产运营上下游产业链,投资补贴落在15-60%区间。我们测算15%-60%的投资补贴对应绿氢平均成本从29.61 元/kg 可降至28.4、...

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