Spain is preparing for what is being called the next energy revolution. Energy and industrial groups have more than a hundred projects take advantage of the new vein green hydrogen (Uses electricity from renewable energies for its production) and this is vital to promote the inevitable decarbonisation of the economy. replace natural gas with emission-free green gas In economic sectors that have difficulty exciting their processes.
Spanish and international companies have a ‘mega portfolio’ of projects in the Spanish market that defeat the Government’s targets for renewable hydrogen production by 2030. his ambition reached its peak Spanish green plan draft sent to the European Commission for this decade and trying to make Spain the first major country centre Renewable hydrogen on Earth.
Business groups already have Plans to develop 112 special projects Production and use of green hydrogen before 2030 with the total power of electrolyzers (which carry out the process that separates hydrogen molecules from water) 16,500 megawatts (MW) in Spain, According to the latest updated data collected by the Head of Hydrogen Studies at Universidad Pontificia Comillas.
Groups like Iberdrola, Endesa, Naturgy, Repsol, Cepsa, Enagás BP, EDP, Acciona, Exolum, Redexis, Reganosa or the shipping company Maersk They are among the long list of companies with green hydrogen projects at varying states of maturity in their design and definition processes. Plans pile up Planned investments of over 30,000 million EurosThis could rise rapidly, as nearly half of the plans on the list still do not specify the investments their implementation would require.
exceed the target
The total strength of the project portfolio designed by energy companies and industrial groups is 50% above the target set by the Ministry of Ecological Transformation in its new version, led by Vice President Teresa Ribera. National Integrated Energy and Climate Plan (PNIEC) this still needs to be approved by Brussels. The revised green ‘megaplan’ includes a forecast that Spain will reach 11,000 MW of electrolysis power to produce green hydrogen by 2030. A new target that already almost triples the modest target of just 4,000 MW proposed in the previously approved Hydrogen Roadmap.
Companies are implementing many of these projects through regional hydrogen valleys, known as public-private business ecosystems that facilitate the connection between green gas producers and consumers. Until eleven hydrogen valleys In Spain, it is planned to expand to Puertollano (Ciudad Real), Andalusia, Catalonia, Extremadura, Basque Country, Galicia, Castilla y León, Murcia, Aragón and Mallorca, with the planned investment of the initiatives together reaching 21.9 billion euros. According to the census of the Spanish Hydrogen Association (AEH2), we are facing the year 2030.
The vast majority of projects are still in their early stages and it is not entirely clear when they will start working. From more than 100 projects, only five are currently in operation and eight are under constructionAccording to data from the University of Comillas, about thirty have initiated administrative procedures to obtain permits, while the remaining sixty or so are still in the feasibility study phase of the project.
560 million aid
Spanish plan comes into effect Creating an energy and industrial ecosystem that will embrace the green hydrogen revolution It aims to leverage European funds to promote research, development, production and use cases as part of and for this purpose the country’s energy transition.
The government launched six aid programs projects linked to green hydrogen Recovery, Transformation and Resilience Plan (PRTR) and another for important projects of common European interest (IPCEI) approved by the European Commission. In total, the Administration approved the distribution of aid totaling over €560 million for 81 projects, but more than 300 opted out.
Ministry of Ecological Transition, through the Institute of Energy Diversification and Conservation (IDAE), Subsidy distribution processes with a joint budget of 490 million euros Helping companies finance part of their initiatives through two calls for pioneering projects and four calls for different projects across the hydrogen value chain. Additionally, the Council of Ministers approved 74 million to support four projects classified as IPCEI by Brussels.
A year ago the Government launched the strategic economic recovery and transformation project (PERTE) linked to renewable energies and green hydrogen Originally had capital of 6.9 billion euros european funds and later increased to 7,900 million, aiming to mobilize another 16,000 million private investment. As part of the plan, 1,555 million of public funds are allocated to renewable hydrogen to mobilize a further 2,800 million of private capital, thus giving Spain an important role in the green hydrogen revolution.