October 29, 2020 Read More →

Iberdrola, Fertiberia partnering to install 800MW of green hydrogen capacity by 2027

S&P Global Market Intelligence ($):

Iberdrola SA is expanding its partnership with fertilizer company Fertiberia SA with a plan to invest €1.8 billion over seven years to install 800 MW of green hydrogen capacity in Spain.

In July, Iberdrola agreed to supply Fertiberia with green hydrogen to make fertilizer ammonia at a factory in Puertollano, Spain. The companies expect to commission the €150 million green hydrogen complex, comprised of a 100-MW solar plant, a 20-MWh lithium-ion battery system and a 20-MW electrolyzer, in 2021.

The companies are also partnering to develop three additional projects between 2023 and 2027 in Fertiberia plants in Puertollano and Palos de la Frontera, which could deliver 40 times the capacity of the first plant.

Iberdrola said Oct. 28 that their plan could deliver electrolysis capacity equivalent to 20% of Spain’s 4 GW national target by 2030. Implementation of the last three phases of the project would need the support from the European Recovery fund, the company said.

Iberdrola Chairman Ignacio Galán hopes that the project “receives the necessary state and European support to get it up and running and, thus, position Spain and Europe at the vanguard of a new technology that is essential for decarbonization, leading the way to its full commercial competitiveness.”

[Nephele Kirong]

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