The Government will approve aid for 900 million for ten hydrogen projects

Posted on: 07 / 02 / 2024 | 0 Comentarios | Tags: ,

The President of the Government, Pedro Sánchez, has announced the approval “in the coming weeks” of aid for a total of 900 million for ten hydrogen projects by Repsol, Iberdrola, EDP and Endesa. These are the projects selected by Brussels within the framework of the second Important Project of Common European Interest (IPCEI) to boost the hydrogen value chain. They will be located in Andalusia, Aragon, Castilla La Mancha, Murcia and the Basque Country.

900 million for ten hydrogen projects - Iberdrola

The ten projects include not only production, but also transportation and technology development. Spain has budgeted a total of 3.1 billion euros for the green hydrogen sector. This amount includes the manufacture of electrolyzers, industrial end use and export to neighboring countries, within its updated recovery, transformation and resilience plan (PERTE).

According to sector sources, the forecast is that the projects will not only produce hydrogen at an “extremely low cost to decarbonize their own industries.” The objective is that it will also transport cheap, renewable hydrogen produced within the borders, as well as that channeled from North Africa, through gas pipelines to the rest of Europe.

The IPCEIs are cross-border innovation and cutting-edge infrastructure projects, aimed at bringing together the public and private sectors, with the aim of overcoming market deficiencies in strategic value chains. IPCEIs should therefore contribute significantly to the achievement of EU strategies and generate positive spillover effects in favor of the EU economy and its communities by contributing to sustainable economic growth and job creation and competitiveness.

The declaration of IPCEI by the European Commission implies the authorization of state aid above the limits established in the general regulations.

900 million for 10 hydrogen projects

“We want to create an authentic industrial ecosystem that allows us to attract the entire value chain. An emerging industry of electrolyzer manufacturing, renewable hydrogen production, its application to the decarbonization of the manufacturing and transport sectors and export to other European countries “They are future projects that guarantee our energy independence and turn renewables into a powerful engine for job creation,” said Sánchez.

A year ago, the Government distributed 74 million among four Spanish hydrogen projects within the framework of the first IPCEI of this energy vector. In this case, the beneficiary projects were those of H2B2, Nordex, SENER and IVECO, with initiatives that are located in different locations in Andalusia, the Basque Country, Navarra, Asturias, Castilla y León, Catalonia and the Community of Madrid.

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