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Spain positions itself to be Europe’s green hydrogen hub
(EurActiv, 25 May 2021) Spain has the “best conditions” to become Europe’s green hydrogen hub, Spanish Prime Minister Pedro Sanchez said on Monday, EURACTIV’s partner EFE reported.
Sanchez spoke hours after US engine maker Cummins announced it would build a plant in Spain to make electrolyser systems to produce green hydrogen, a zero-carbon fuel created using renewable energy rather than fossil fuels.
The project is partly funded by Cummins, which will invest an initial €50 million, and the Spanish electric utility company Iberdrola.
The plant will be built in Guadalajara, a city outside the Spanish capital, and is expected to start green fuel production in 2023. As well as producing 500 MW/per year of hydrogen, it will create 350 jobs in the area.
A “green and sustainable Spain, respectful of the environment and biodiversity, represents an enormous leap and opportunity” for the country’s development and employment rate, Sanchez said.
More than €1.5 billion from Spain’s €70 billion recovery plan will be invested in the green hydrogen sector over the next three years, said Sanchez, adding that the technology will also encourage investors to invest up to €8.9 billion between now and 2030.
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EurActiv, 25 May 2021: Spain positions itself to be Europe’s green hydrogen hub
