The Executive on Tuesday approved 950 million euros in aid for gas-intensive businesses, including the ceramic industry, 450 million euros in gas price compensation, and 500 million euros in ICO loans. A green hydrogen is an option.
Browsing: Spain
The EU is considering raising its production targets to 20 million tons in 2030 to fuel decarbonization using green hydrogen. Spain is well-positioned to lead Europe in renewable energy production.
According to the plan that the Ministry for the Ecological Transition submitted to the European Union (EU) for consideration as a Project of Common Interest, Gijón will serve as the neuralgic point of connection for the first two axes of the fundamental network of green hydrogen in Spain (PCI).
Spanish Prime Minister Pedro Sanchez stated on Friday that an underwater pipeline to transport green hydrogen between Spain and France will cost approximately 2.5 billion euros ($2.6 billion), adding that he hoped the European Union will partially fund the project.
This is a component of the government’s strategy for green hydrogen, which aims to supply the market in seven years and make Spain an energy exporter at costs that, by then, it anticipates will be far more affordable than natural gas pricing.
More than 15.5 gigawatts of renewable hydrogen projects are now in development in Spain, more than doubling the 4 GW objective set in the government-approved “roadmap” for this energy source for 2030.
Over the next three years, it is intended to produce 900 MW of storage-enabled renewable energy across Spain and Portugal.
UK and South Africa to jointly drive green hydrogen projects The British Government will announce the next stage of the…
Fusion Fuel, a Portuguese company that develops solar-to-hydrogen technology, has announced that four of its projects have been pre-selected for grant funding of up to €12.9 million ($13.2 million).
After signing a collaboration contract with the Spanish Government, the Danish marine transport giant Maersk will invest over 10,000 million euros to start a green hydrogen “megaproject.”
