After the projects that Enerfin and Fisterra Energy already have in the works, Armonia Green Galicia, a subsidiary of the Ignis Energy Holdings group, will establish at Punta Langosteira what it wants to be the third green hydrogen production facility. The Port Authority’s decree, which starts a month-long competition process in which other businesses can submit bids to start a comparable project at the outer port, was published in the Official State Gazette.
In February of last year, the Vortex Energy IV Fund, owned by the Egyptian investor EFG Hermes, paid 625 million euros to purchase 49 percent of Ignis. The project that the firm plans to carry out in Langosteira consists of a plant for the generation, storage, and dispatch of hydrogen and green ammonia. The company is committed to the manufacture, storage, marketing, and sale of hydrogen, ammonia, and their derivatives. The company explains that this final product will mostly be used for export, but that local demand may also be satisfied through manufacture.
The Armonia Green Galicia project for the outer port, according to Ignis, will “lead the world” in the generation of hydrogen and green ammonia, and “it will take advantage of the renewable resources of Galicia coupled with the great intermodal infrastructure” of Langosteira. The green classification for this category of products mandates that the energy used in their production comes from renewable sources, one of which is the availability of the wind energy produced by the Inditex-promoted wind farm, which already supplies the Enerfin facility.
In the hydrogen industry, ammonia is a necessary commodity since hydrogen gas is extremely difficult to transport and store. The alternative is to turn it into a liquid, which requires the usage of ammonia, which is also used to create fertilizer and create automobiles.
According to its proponents, the Armonia Green Galicia initiative, which the Xunta has already designated as a Priority Business Initiative, would result in “the establishment of an energy industrial pole” that will supply renewable energy to the industrial sector. Galicia will be positioned as “a standard region in the field of renewables, with a production prediction of more than 150,000 tons of green ammonia per year,” according to Ignis, as a result of this program.
The company, which was founded in 2015, presently operates four power plants with a combined capacity of four gigawatts or 5% of the total electricity produced in Spain. It also develops solar and winds energy projects in Spain, Europe, North America, Latin America, and Asia Peaceful.
The Port Authority’s A Corua Green Port initiative, which supports the construction of renewable energy businesses in Punta Langosteira, will incorporate this project. The Enagas and Acciona-promoted hydrogen plants at the outer port were ultimately paralyzed in their first stages, while the Enerfin and Fisterra Energy-promoted plants are still processing with the goal of beginning operations as soon as feasible.
With 20 years of experience producing wind energy in Spain, Brazil, and Canada, Enerfn is a member of the Elecnor company. It manages the Serras Faro-Farelo and Malpica parks in Galicia. The US investment firm Blackstone owns Fisterra Energy, which works in the Latin American and European renewable energy sectors. The Inditex wind farm, with its 30 million euro investment in wind turbines, will be added to these programs.