Spain Launches Green Hydrogen Project Using Renewable Energy
Key Ideas
- Spain's second-largest oil company will begin work on a green hydrogen project in Huelva, utilizing 2GW of wind and solar energy to produce 300,000 tonnes of renewable hydrogen annually by 2030.
- The project, part of the Andalusian Green Hydrogen Valley scheme, involves multiple phases with the first 400MW phase set to start in Huelva in 2026 and reach full capacity by 2028.
- The initiative is a collaboration between various companies including Moeve, EDP, Fertiberia, C2X, Yara International, and Enagas, aiming to create 10,000 jobs during the three-year construction period.
- The project was facilitated by Spain's parliament's decision not to impose a windfall tax on green energy producers, securing an investment of up to €8bn to support the transition away from fossil fuels.
Spain has announced the launch of a green hydrogen project that will harness the country's renewable energy resources, with a focus on the Andalusian region. The initiative, led by Spain's second-largest oil company in collaboration with several partners, aims to leverage 2GW of wind and solar energy to produce 300,000 tonnes of renewable hydrogen annually by 2030. The project's first phase, a 400MW plant, is scheduled to commence construction in Huelva and is expected to be operational by 2026, reaching full capacity by 2028. Subsequent phases are planned for San Roque near Gibraltar. The project's success was partly attributed to the decision of Spain's parliament to waive a windfall tax on green energy producers, which had initially jeopardized the hefty investment. The scheme is anticipated to generate around 10,000 jobs during the construction phase, fostering economic growth and employment in the region. With key stakeholders committed to promoting renewable energy integration and sustainability, the project signifies a significant step towards a greener future and a reduced dependence on fossil fuels.