Repsol Leads Spanish Green Hydrogen Projects with European Aid
Key Ideas
- Repsol secures 39.67% of European aid from the Spanish Government for green hydrogen projects in Bilbao and Cartagena.
- Iberdrola, EDP, and Endesa also receive substantial funding for renewable energy projects across different cities in Spain.
- Cepsa did not receive any awards in this round of funding for green hydrogen initiatives.
- The Spanish Government awards a total of €794 million to support various companies in developing green hydrogen projects.
Repsol has taken a significant step in the production of green hydrogen by securing 39.67% of the European aid allocated by the Spanish Government. The funding, part of the European Hy2Use programme, amounts to €315 million for Repsol's projects in Muskiz and Cartagena. Other key players in the energy sector, such as Iberdrola, EDP, and Endesa, have also received substantial financial support for their renewable energy initiatives. Iberdrola will receive €242 million for Puertollano, EDP €209 million for projects in Los Barrios, Avilés, and Teruel, and Endesa €28 million for their project in Zaragoza. However, Cepsa did not secure any awards in this round of funding. The Spanish Government's commitment to green hydrogen is evident as they have allocated a total of €794 million to drive the development of renewable energy projects across the country. This support signifies a significant push towards a more sustainable and environmentally friendly energy sector in Spain.