Spain Approves EUR 794m for Green Hydrogen Projects
Key Ideas
  • Spain's government allocated EUR 794m to seven green hydrogen projects with a total electrolysis capacity of 652 MW, focusing on production near consumption centers.
  • Projects include hydrogen valleys in Puertollano, Asturias, and Los Barrios, with additional support for Bilbao and Cartagena refineries to transition from grey to green hydrogen.
  • The funding aims to contribute to Spain's roadmap of achieving 4 GW of renewable hydrogen capacity by 2030, facilitating industrial decarbonization where electrification is challenging.
  • In addition to hydrogen projects, the government approved regulations for floating solar plants on state-owned reservoirs to harness more efficient solar power generation.
Spain's government has approved the distribution of EUR 794m in public support for green hydrogen projects, emphasizing the development of electrolysis facilities close to consumption centers. Energy minister Teresa Ribera outlined the allocation, with significant portions going to hydrogen valleys in Puertollano, Asturias, and Los Barrios. Funding also supports the transition of Bilbao and Cartagena refineries from grey to green hydrogen, aiding industrial decarbonization efforts. These initiatives align with Spain's goal of reaching 4 GW of renewable hydrogen capacity by 2030. Ribera highlighted the importance of testing and verifying the viability of green hydrogen to decarbonize industrial processes that are hard to electrify. In a parallel move, the government approved regulations for floating solar plants on state-owned reservoirs, aiming to enhance solar power generation efficiency. These plants are expected to outperform land-based ones due to the cooling effect of water and the reduction of evaporation in reservoirs.
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