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Spanish oil major Cepsa plans to invest 3 billion Euros in a green hydrogen hub in Andalusia

December 02, 2022

ReNews.biz:

Cepsa will invest more than €3bn to establish the Andalusian Green Hydrogen Valley, to create what will potentially be one of Spain’s, and Europe’s, largest green hydrogen hubs.

The company will build two plants with a total capacity of 2GW to produce green hydrogen.

To generate the renewable electricity needed to feed production of green hydrogen, Cepsa will develop a 3GW portfolio of wind and solar energy projects with an additional €2bn investment.

The company will also collaborate with other renewable energy producers in Andalusia and the rest of Spain to promote the integration of these new plants into the electricity system.

The plants, with 1GW of capacity each, will be located in Palos de la Frontera (Huelva) next to Cepsa’s La Rábida Energy Park and at the company’s San Roque Energy Park in Cádiz.

The Huelva plant will start up in 2026, reaching full capacity in 2028, while the Cádiz facility will be operational in 2027.

The project, part of Cepsa’s 2030 strategy Positive Motion, will contribute to Europe's energy security and independence, in line with the objectives of the European Union's REPowerEU strategy.

The investment is the biggest milestone to date of Cepsa's Positive Motion energy transition plan to lead sustainable mobility and the production of green hydrogen and advanced biofuels in Spain and Portugal this decade.

[Staff Report]

More: Cepsa unveils 2GW Spanish electrolyser scheme

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