Burgeoning Green Hydrogen Project in Spain with Jobs and Local Participation
Key Ideas
- Construction commences on Spain's largest green hydrogen project in Castellón, creating up to 500 jobs and involving 25 local companies.
- The project, a collaboration between bp and Iberdrola, aims to produce green hydrogen using renewable energy sources, with an investment exceeding €70 million.
- The plant will help decarbonize industries in the Valencia region, potentially substituting grey hydrogen and reducing CO2 emissions equivalent to those of 5000 cars annually.
- Funding from the Spanish Recovery, Transformation, and Resilience Plan and the European Union highlights the project's importance in the renewable energy sector.
Construction has commenced on Spain's largest green hydrogen project in Castellón, a joint venture between bp and Iberdrola. The project is set to create up to 500 jobs during construction, involving approximately 25 Spanish companies in the build-out process. The initiative aims to produce green hydrogen through a chemical process called electrolysis, utilizing renewable energy sources. The plant is expected to be operational by the third quarter of 2026, with the 25 MW electrolyser being powered by 200 GWh/year of renewable electricity from Iberdrola's wind and photovoltaic (PV) projects. This green hydrogen production could potentially substitute grey hydrogen currently used by the refinery, resulting in a significant reduction of CO2 emissions. The project also has broader implications, intending to decarbonize industries in the Valencia region by providing green hydrogen to sectors like ceramics and heavy transport. With an investment exceeding €70 million and funding from the Spanish Recovery Plan and the European Union, this project exemplifies the growing importance of green hydrogen in the renewable energy landscape.