Naturgy and Enagas Plan 485 Mln Euro Green Hydrogen Project in Spain
Spanish utility Naturgy and gas grid operator Enagas on Tuesday unveiled a project to build a 485 million euro ($521.47 million) renewable hydrogen plant in northern Spain.
The project, scheduled to start production in 2026, will have a capacity of around 280 megawatts and will be located in La Robla, on the site of a Naturgy’s thermal power plant, which closed in 2020, the two companies said in a joint statement.
Green hydrogen – hydrogen isolated from water or natural gas molecules with renewable energy – is seen as a long-term solution to decarbonising heavy transport, including commercial shipping and airlines. Spain has signalled its ambition to become a major player, with its plentiful solar and wind power and proximity to the sea providing renewable energy options. ($1 = 0.9301 euro) (Reporting by Matteo Allievi, editing by Inti Landauro and Jane Merriman)